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Fox News Reports: President Biden Pledges to End Trump Tax Cuts
MenRec ^ | 01/24/21 | Staff

Posted on 01/24/2021 8:07:40 AM PST by rustyweiss74

>> Let’s talk about Biden’s agenda, particularly tax policy. It’s the intention for the Biden administration to roll back 2017 tax cuts and the president was a little prophetic about that, take a listen.

>> I hope they don’t raise your taxes. But if they do, I told you so.

>> He would want to repeal parts of the 2017 tax cuts that benefitted the highest-income Americans and large companies.

>> On tax cuts, how could that affect the markets and then everyday Americans?

>> Well, Alicia, I think there’s a misnomer that is a big DNC talking point that the tax cuts and jobs acts from 2017 only benefitted the rich. That is not true. Every income band got lower tax rates. So, hopefully, it’s not politicized that way, but when you talk about corporations, I think the things we need to remember, it’s not the big corporations, most small businesses are their own corporation and the last thing we need is higher taxes on small business. And many small businesses may make more than $400,000 and they’re struggling to keep their businesses afloat. So every additional dollar those business owners don’t have or have to hire and reinvest in their business. I don’t think right now with a fragile economy higher taxes are the answer.

>> What small businesses, you talk about that 400 plus and what could hit small businesses, it’s like, on one hand, they’re getting their hand shaken and the other hand is getting smacked. They just can’t win. I want you to listen to what The National economic had to say about Coronavirus and small business. It’s a criticism of the former packages.

>> Too much of the support that has been dedicated to small businesses has left out the smallest businesses, mom and pop businesses that don’t have existing connections it the financial institution. I think in particular black, Latino, Native American-owned businesses.


TOPICS: Politics
KEYWORDS: 1of1of1of; biden; blogpimp; haveyoudonatedtofr; larrylucidope; menwreck; oldnews; pimpmyblog; postandleave; ripoff; rustystaff; taxes
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We tried to warn you, Biden voters.
1 posted on 01/24/2021 8:07:40 AM PST by rustyweiss74
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To: rustyweiss74

Those evil tax cuts are hurting everyone , poor backwards Joe ,LOL


2 posted on 01/24/2021 8:09:27 AM PST by butlerweave
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To: rustyweiss74

What?!?!

But he said only 400k and above!!!

Ya libs. He lied. Duh!


3 posted on 01/24/2021 8:11:24 AM PST by cableguymn (We need a redneck in the white house.... But the fact checkers said the story was false!)
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To: rustyweiss74

I wonder if Fox actually presented this as ‘news’...AS IF anyone is surprised!

Shhheeesh..!!


4 posted on 01/24/2021 8:11:40 AM PST by SMARTY (“If you have ten thousand regulations, you destroy all respect for the law.” Winston Churchill)
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To: rustyweiss74

If you were an entrepreneur or businessman, you advanced or improved under the tax cuts....doesn’t matter if small, medium or large. The economist who suggests otherwise, has never run a company, managed employees, or started anything out of nothing.

Biden’s knowledge level on business? It would fit on a 3x5 inch card. He just knows that ten-percent of the take....is the big-guy’s money.


5 posted on 01/24/2021 8:12:08 AM PST by pepsionice
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To: rustyweiss74

The bidenistas will end up paying dearly for their deceit as well as the rest of us.

We are all witnesses to the demise of America.


6 posted on 01/24/2021 8:12:27 AM PST by JayAr36 (My disgust with government is complete.)
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To: rustyweiss74

“ We tried to warn you, Biden voters.”

One- Biden voters will never see this statement

Two- Biden voters are brains
Washed into believing this means “the rich” meaning you and me and not them and not the plethora of Ridiculously wealthy Biden voters and election riggers

So dream on

The real story that’s covered up her I’d that Fox did this to us bunt aiding and abetting the Biden steal. They’re done.


7 posted on 01/24/2021 8:13:37 AM PST by stanne
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To: pepsionice

Not just the businessman. We personally benefited to the tune of a net $85+ per month. Gosh, I’d hate to see that go.


8 posted on 01/24/2021 8:13:49 AM PST by nfldgirl
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To: rustyweiss74
Has to go through Congress and they don't have the balls to do it UNLESS they get dumbass Republicans to sign on so they can put the bipartisan label on it.

No Republican, not even RINOs, is going to vote to repeal the tax cuts because that's the GOP's bread-and-butter. And it'll clearly destroy the economy, along with the fake COVID scamdemic, the lockdowns, and the $15 minimum wage.

I just think Biden is saying this to keep the kook left-wingers at bay.

9 posted on 01/24/2021 8:14:07 AM PST by Extremely Extreme Extremist (Trust the plan of the 17th letter of the English alphabet!)
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To: stanne

The real story that’s covered up here is that Fox did this to us by aiding and abetting the Biden steal.


10 posted on 01/24/2021 8:16:02 AM PST by stanne
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To: rustyweiss74

After the 2017 tax cuts went into effect, hundreds of companies announced $1000 and $2000 employee bonuses across the board. Many announced big increased in hourly rates. Does this IMBECILE understand that all those companies will not be able to pay those hourly rates if their taxes go back up?


11 posted on 01/24/2021 8:19:37 AM PST by BiglyCommentary
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To: rustyweiss74
We tried to warn you, Biden voters.

No matter how many Reagan style tax cuts for all, the leftist media still said "for the rich," "for his rich cronies".

Now the media will have to cope with on screen tables showing "If you paid $21,430 year for 2020 income you will pay $34,590 for your 2021 income" "Family of four will pay an average of $5,671 more in the new tax plan passed."

Then BLM will say "Where's my reparations money?"

And stories of rebuilding the cities the Dem mayors allowed to be looted, vandalized and burned while no businesses could make income---coming from taxes now.

Along with illegals by the thousands arriving in the Americans' home town taking taxpayer paid entitlement money.

As: You paid into Medicare for 31 years and the new illegal (now a citizen Dem voter) in the Section 8 house next door gets full free Medicare without paying a dime during his life in Honduras. His 9 relatives agree they like the plan and their big new house.

12 posted on 01/24/2021 8:20:00 AM PST by frank ballenger (End vote fraud, harvesting,non-citizen voting & leftist media news censorship or we are finished.)
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To: rustyweiss74; gaggs; ANDmagazine.com; hassan.mahmoud; WTanner1776; Steve1999; Rakhi Sarkar; w1n1; ..

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13 posted on 01/24/2021 8:20:04 AM PST by Larry Lucido (Donate! Don't just post clickbait!)
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To: rustyweiss74

“ We tried to warn you, Biden voters. ”

There were no Biden voters. Not more than a few, anyway.


14 posted on 01/24/2021 8:21:46 AM PST by bk1000 (Banned from Breitbart)
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To: frank ballenger

***Then BLM will say “Where’s my reparations money?”***

If biden doesn’t do it, KH most certainly will.

Just wait.


15 posted on 01/24/2021 8:27:31 AM PST by Cowgirl of Justice
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To: rustyweiss74

This is what the Biden voters wanted, they knew what they were voting for.


16 posted on 01/24/2021 8:30:55 AM PST by RatsDawg
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To: Larry Lucido

+1

5.56mm


17 posted on 01/24/2021 8:31:52 AM PST by M Kehoe (Quid Pro Joe and the Ho ain't my president.)
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To: rustyweiss74
We tried to warn you, Biden voters.
They didn't care.

Neither did the GOP-e. Only one thing mattered.



18 posted on 01/24/2021 8:32:22 AM PST by Bratch
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To: rustyweiss74

Biden voters: Hot dog, I get to pay more taxes. I won’t have the money to buy what I need. Isn’t it great!!!! Anything to atone for my racism.


19 posted on 01/24/2021 8:32:47 AM PST by odawg
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To: BiglyCommentary
I suspect the employee bonuses in most companies had almost nothing to do with the tax cuts, and were driven almost entirely by the desperate need to hire new workers and retain the ones they already had.

As a business owner, I can tell you that corporate tax rates have nothing to do with employee compensation. If anything, a high corporate tax rate is an incentive to PAY EMPLOYEES MORE ... because the last thing I want to do is have a pile of money left over at the end of the year that will be taxed at a rate of 40%.

20 posted on 01/24/2021 8:33:13 AM PST by Alberta's Child ("There's somebody new and he sure ain't no rodeo man.")
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