Posted on 03/30/2024 4:49:46 AM PDT by Sam77
Pesident Biden is pushing for trillions in tax hikes during an election year, despite experts warning it would reduce economic output and have other dire effects. It may be popular with the anti-corporate elements of potential voters, but tax experts say it's a mistake.
"The tax increases would substantially increase marginal tax rates on investment, saving, and work, reducing economic output by 2.2 percent in the long run, wages by 1.6 percent, and employment by 788,000 full-time equivalent jobs," according to a recent Tax Foundation analysis. "On a gross basis, we estimate Biden’s FY 2025 budget would increase taxes by about $4.4 trillion over that period [of 2024 to 2034]. After taking various credits into account, the increase would be about $3.4 trillion," read the analysis.
(Excerpt) Read more at justthenews.com ...
$340 billion per year.
Now that is a coincidence. That’s how much we are paying the invaders to come here and live here.
When honest elections are gone, the Demon Rat party doesn’t care
What would the chicoms do?
Tax hikes to benefit Ukraine and illegal immigrants.
He can push all he wants. It won’t get passed by Congress.
And check out what gets exempted.
Bad news for taxpayers, but Biden’s leftwing base welcomes these tax hikes.
BTTT
They know it doesn’t matter.
Nobody is voting ‘Biden’..
They’re voting ANTI-Trump, ANTI-Republican,
They’re voting - “DEMOCRAT”. -no matter what.
Fake elections have consequences.
BOHICA.
Oh, and let’s go Brandon.
Can’t he just issue an Executive Order to raise taxes? We have abandoned just about every other aspect of the American Form Of Government already, so what’s the difference? C’mon, man!
I believe Biden would start a nuclear war to keep his family from being exposed as a crime family and justly prosecuted.
It makes you wonder how many of them actually work and pay bills. And/or write the checks.
The electoral process has been sufficiently bastardized that Barry and the Junta can deem this, the Useful Idiocy Enablers in Congress will affirm, and the process of turning the Citizens of the USA into the largest ATM on the planet continues unabated.
“What would the chicoms do?”
A better job than US democrats
Exactly! Many do not pay anything in taxes. So many of them are like parasites sucking the host organism dry.
somebody seems pretty confident of “re-election”
Democrats are addicted to raising taxes. They really can’t help it. It’s a disease.
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