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.
Those evil tax cuts are hurting everyone , poor backwards Joe ,LOL
What?!?!
But he said only 400k and above!!!
Ya libs. He lied. Duh!
I wonder if Fox actually presented this as ‘news’...AS IF anyone is surprised!
Shhheeesh..!!
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.
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.
“ 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.
Not just the businessman. We personally benefited to the tune of a net $85+ per month. Gosh, I’d hate to see that go.
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.
The real story that’s covered up here is that Fox did this to us by aiding and abetting the Biden steal.
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?
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.
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“ We tried to warn you, Biden voters. ”
There were no Biden voters. Not more than a few, anyway.
***Then BLM will say “Where’s my reparations money?”***
If biden doesn’t do it, KH most certainly will.
Just wait.
This is what the Biden voters wanted, they knew what they were voting for.
+1
5.56mm
We tried to warn you, Biden voters.They didn't care.
Neither did the GOP-e. Only one thing mattered.
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.
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%.
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