Posted on 10/22/2020 2:14:02 PM PDT by JV3MRC
Billionaire Home Depot co-founder and Republican donor Ken Langone went on Fox Business to shred the false leftist logic behind Democratic presidential nominee Joe Biden’s tax plans.
During the October 21 edition of Mornings with Maria, anchor Maria Bartiromo asked Langone for his reaction to both Biden’s and President Donald Trump’s tax plans. Bartiromo noted that Biden, in particular, “wants to raise taxes by $4.3 trillion.” She also said that Biden “wants to take the capital gains tax and the tax on dividends” all the way “up to 43.6 percent.” Langone’s response to Biden in a nutshell? “[T]he middle class will be in peril, and when you take money out of the hands of the middle class, you do a dramatic impact negatively on the economy.” [Emphasis added.]
According to Langone, “You aren’t going to get the revenue numbers by just taxing the rich. The only way a tax increase will generate revenues is to go after the middle class. That’s where the numbers are. These people are being misled. There is not going to be enough money generated from the so-called rich to take care of all the needs.”
Langone didn’t let up, and called Biden’s plan a “fraud”: “It is absolutely a fraud to suggest that all the money that’s going to be needed is going to come from the rich and the super rich.” Biden had stated previously that “[n]obody making under $400,000 bucks would have their taxes raised” under his plan.
(Excerpt) Read more at newsbusters.org ...
I’m suddenly a Home Depot fan!
The left will blow him off because he’s an old white guy. Doesn’t matter if he speaks the truth. They won’t listen.
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