VDH should have mentioned a huge problem for Biden ——— third party candidates.
If Trump uses him correctly, RFK Jr can batter Biden into oblivion and
could emerge front and center as the de facto candidate, anointed by Trump.
Doing this would be child’s play for Trump.
Especially since RFK has very few options at this point
and has shown his willingness to play hopscotch w/ Trump.
Trump has outlined his plans for federal taxation. “I will make the Trump tax cuts permanent.......
they expire in a year. And we will cut your taxes even more than that,” he said
in North Charleston, SC, on Feb. 14, 2024. Trump made the direction clear. Lower.
A huge Biden negative, his plans for massive tax increases
Biden made his tax plan clear: to wallop Americans with a $5T tax increase; his written plan calls for:
<><>a small business tax hike,
<><>a corporate tax hike, a capital gains and dividends tax hike,
<><>income tax hikes,
<><>energy tax hikes
<><> and a second Death Tax on top of his first one.
Biden would increase the corporate income tax from today’s 21% to 28%. That’s a higher tax rate than communist China and France and the U.K., each at 25%.
Now add the average state corporate income tax at 4% and the average combined Biden rate would be 32%. That would be the second-highest corporate income tax in the developed world. Just below Colombia.
Households bear the burden of the corporate income tax in the form of higher prices and slower wage growth. Companies do not simply absorb the tax, it is passed on to all of us.
Biden also promises to increase the tax on Subchapter S corporations, partnerships and all “pass through” businesses, most of them small businesses, to 39.6%. These employers pay their taxes through the personal income tax rate, not the corporate rate.
(Excerpt) Read more at foxnews.com ...