Posted on 12/03/2020 5:26:53 PM PST by Onthebrink
President-elect Joe Biden in a Wednesday interview said “there’s no reason why” his administration shouldn’t raise both corporate and individual income taxes to levels maintained during former president George Bush’s administration.
Biden insisted “everybody pairs their fair share” in taxes during his presidency, and suggested a nearly 40% rate for those in the top bracket, which he said was commonplace during the Bush era, in an interview with the New York Times.
(Excerpt) Read more at dailycaller.com ...
Hold on to your butts..
Anything to destroy the working middle class....
Poorer and less free. The Democrat mantra.
Back to Obama.
Biden lost the election.
“”everybody pairs their fair share””
That’s probably what he said too...poor guy wouldn’t know the difference - both words start with “p”
Of course we al know how the economy ended up after 8 years of BushWar ...
Biden isn’t “pledging” anything. His handlers are. Biden is dozing off after his butterscotch pudding.
Well, they should have supported President Trump and other Republican candidates. They can’t spite and impoverish American producers and employees and have low taxes, too. They’ll need to give up their pride, social perversions and troublemaking impulses.
Trump made a 46 - minute speech, calling him a lying, cheating crook on national TV, documenting how Biden siezed power by a criminal act, and he had no comment?
Guess it wasn't in the script, huh?
Come to think of it, all your loudmouth liberal swamp dwellers are avoiding the subject, too. Guess they all just want the election to go away like a bad dream. Trumps's speech is going down the memory hole right in front of the world's eyes, no one wants to even mention it.
But only on people making over $400k/year. (Sarcasm)
Actually the biggest tax cut was the lowering of the corporate taxes to 21%. Whatever you think about tax fairness and other nefarious ideas, that was actually a must! US corporate taxes were the highest in the world! Corporations were leaving US en masse and shifting all their taxable profits abroad. The cut in corporate taxes actually brought back some companies, stopped the drain and raised more money for the treasury!
If Biden does what he promises to do, and raises taxes back to the old level, more corporations will leave, taking jobs with them and shifting their profits abroad! Treasury will probably see less money coming in.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.