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Payback time! Biden to propose first major federal tax hike since 1993 after signing massive $1.9 trillion COVID relief package: Increases expected on corporate tax and personal rate for high earners
Daily Mail ^ | March 15, 2021 | Katelyn Carrale

Posted on 03/15/2021 9:44:37 AM PDT by rickmichaels

Joe Biden is planning to propose the first substantial federal tax hike since 1993 for Americans to help pay for his long-term economic program after he signed the largest stimulus package in U.S. history with a price tag of $1.9 trillion.

Now the White House is preparing to roll out another sweeping plan to tackle infrastructure and the economic crisis, which some say could fall somewhere between the $2-$4 trillion mark.

Biden plans to kick off his cross-country tour this week promoting and seeking to bolster enthusiasm for the coronavirus relief package, where the White House will also ensure he receives credit for benefits included in the bill.

First lady Jill Biden, Vice President Kamala Harris and first gentlemen Doug Emhoff will also hit the road this week to promote the sweeping legislation.

Next on the president's docket is getting another pricey funding bill through Congress that addresses infrastructure, climate and education.

Four people familiar with discussion told Bloomberg that Biden is expected to propose a series of tax increases, including repealing parts of Donald Trump's 2017 tax law that resulted in most Americans seeing more in their paychecks, to help fund the latest proposal.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Miscellaneous
KEYWORDS: biden; crumbs; taxhike; taxhikes; taxincreases; tds
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To: rickmichaels

unifying


21 posted on 03/15/2021 10:03:05 AM PDT by sappy (criminaldems)
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To: rickmichaels

unifying


22 posted on 03/15/2021 10:03:05 AM PDT by sappy (criminaldems)
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To: rickmichaels

unifying


23 posted on 03/15/2021 10:03:05 AM PDT by sappy (criminaldems)
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To: rickmichaels

Joe Biden is giving us higher taxes, higher gas prices,
more government regulation, more genders...

What’s not to like? /S


24 posted on 03/15/2021 10:03:50 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: rickmichaels

https://www.youtube.com/watch?v=l0zaebtU-CA


25 posted on 03/15/2021 10:04:02 AM PDT by Osage Orange (TRUMP!!!)
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To: rickmichaels

...personal rate for high earners


That’s how the federal income tax started out at first. It was a tax only on the rich, and I believe it was 2%.


26 posted on 03/15/2021 10:06:43 AM PDT by cuban leaf (We killed our economy and damaged our culture. In 2021 we will pine for the salad days of 2020.)
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To: sappy
You unified three posts!!!

Excellently done!!

27 posted on 03/15/2021 10:06:44 AM PDT by Osage Orange (TRUMP!!!)
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To: rickmichaels
... including repealing parts of Donald Trump's 2017 tax law that resulted in most Americans seeing more in their paychecks, to help fund the latest proposal.

That must be stopped.........

28 posted on 03/15/2021 10:08:04 AM PDT by Red Badger ("We've always been at war with Climate Change, Winston."..............................)
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To: rickmichaels
If anyone -- anyone! -- is surprised by this then they are lightyears beyond ignorant.

When you elect a Republican your taxes may go up.
When you elect a Democrat/Leftist your taxes will go up.

This is a universal law every bit as irrefutable as are the laws of thermodynamics.

29 posted on 03/15/2021 10:09:05 AM PDT by glennaro ("Until it's safe" means "never" (Dennis Prager))
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To: Army Air Corps

Back in the late 60’s my republican mother was having an argument with my Democrat uncle. He said, “But the Democrats protect the little guy.” To which she replied, “Do you have a job? Then you are not the little guy.”

And here we are.

BTW, he worked at the Alcoa plant in Wenatchee, Wa and suffered some sort of job injury and was living off fairly reasonable disability for most of his adult life. He seemed fine to me and I didn’t even find out about this until I was an adult.

It put a ceiling on his life. If he wanted any more money he would have to go to work, so he just got comfortable with what he got and his wife got a job at the local Penneys or Sears. He was always a pretty angry guy.


30 posted on 03/15/2021 10:09:46 AM PDT by cuban leaf (We killed our economy and damaged our culture. In 2021 we will pine for the salad days of 2020.)
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To: rickmichaels

But I bet rich commie celebrities will be exempt from this “tax hike” am I right


31 posted on 03/15/2021 10:12:45 AM PDT by Sarah Barracuda
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To: cuban leaf
Sheet...

Property tax, Sales tax, Income tax, Gas tax.

ETC, ETC...

This tax, that tax...

I pay more than 43% on every dollar I make...right now.

The Feds, the State did NOTHING to make that money. I did.

And they want to give it away to people that are illegally crossing into OUR country..!~?!?!!?

They want to give away our money...to trans in the Military?

F'n nuts....

32 posted on 03/15/2021 10:14:36 AM PDT by Osage Orange (TRUMP!!!)
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To: Menehune56

I think they know the jig is up and we won’t see much more of him. A few more gaffs and they pull the plug.


33 posted on 03/15/2021 10:15:56 AM PDT by glimmerman70
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To: rickmichaels

Income distribution - transfer wealth from the middle class to the rich and super rich. Now we know why they wanted a senile old man in office. He will sign off on anything they put in front of him


34 posted on 03/15/2021 10:19:38 AM PDT by CIB-173RDABN (I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
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To: rickmichaels

“ cross country tour”

This oughta be more entertaining than a flea circus


35 posted on 03/15/2021 10:20:08 AM PDT by silverleaf (In a time of universal deceit, telling the truth is a revolutionary act.)
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To: brownsfan
Well...he wasn't "elected". Let's just correct that..BS

This "election" was STOLEN...

I watched..and saw, and I know charts.

Benfords charts do not lie. They are/have been used in court. And they have won in court.

This "election" was stolen...and everyone on our side should know it....I think that is one reason...there's razor wire around the Capital. "They" know they stole the election..and "they" know we know.

36 posted on 03/15/2021 10:22:55 AM PDT by Osage Orange (TRUMP!!!)
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To: rickmichaels

And it won’t be the last; BOHICA!


37 posted on 03/15/2021 10:23:39 AM PDT by DPMD
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To: rickmichaels

it’s like it’s all planned... wait, it is

Roughly 4 in 5 Manhattan Office Workers Will Not Return Full-Time, Survey Says

https://www.nbcnewyork.com/news/local/roughly-4-in-5-manhattan-office-workers-will-not-return-full-time-survey-says/2943582/


38 posted on 03/15/2021 10:24:07 AM PDT by Chode (Ashli Babbitt - #SayHerNAME)
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To: Extremely Extreme Extremist

First a-hole


39 posted on 03/15/2021 10:25:20 AM PDT by Osage Orange (TRUMP!!!)
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To: Osage Orange

“This “election” was STOLEN...”

Great, it was stolen. Feel better? Did it change anything for you?


40 posted on 03/15/2021 10:27:09 AM PDT by brownsfan (Term limits! Without term limits, we are doomed.)
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