The Left, if they were serious would push a billionaires tax to confiscate all individual wealth over $1B. I mean, no one needs more than a billion dollars, right?
They’ll never do this because they’re run by the billionaire elites like Bezos. They only promise unless class warfare as fodder for getting votes. Like in 1984, it’s an endless war against enemies which is never concluded and never won, because it serves as a distraction to the public.
Well, none of that has ever mattered before to Democrats. They can’t wait to get their grubby hands on both our tax dollars and any leftover revenues from the past several years.
It’s what democrats do — and they’ll blame it all on Trump whatever happens as a result.
AOC and the Squat will not be amused.........................
Why can’t new presidents look at a economy and say it ain’t broke so I am not touching it. Right now they just need to let companies open back up and hang on for another year or so..
The wealthy liberal coastal elites went bonkers over the SALT deduction cap, so that's likely to go. (In other words, a tax cut.)
Most of Biden's proposals will be more symbolic than real.
the lines from The Hill there are broadly correct in describing Dem goals. Take back half the cuts in the corporate tax rate, and take back the cuts for the highest earners.
Well, looks like the old Washington Democrat vs Republican kabuki theater shuck and jive is back with a vengeance. Expect lots of fund raising letters from Republicans urgently shaking us down for money so they can defeat the latest Democrat legislative outrage.
The only rocks I see are in Biden’s head...
“And with a solid phalanx of Republicans adamantly opposed ...”
Made me laugh. The only thing Republicans are solidly for is their own career and wealth.
Boondoggle Biden needs your money so he can Waste it
“Republicans adamantly opposed to any tax hikes — which they rightly point out would be suicidal in a pandemic with the economy tipping into recession”
Just wait for the national $15 minimum wage.
Biden and the Democrats are going to own a lot of tax sakes, which hopefully will be their undoing. Sad that we will have to wait till 2022 for the first reckoning.
“And with a solid phalanx of Republicans adamantly opposed to any tax hikes”
That right there made me throw up in my mouth a little
The Dems will get what ever they want when they start jailing the GOP
The wealthy already pay more as a percentage of their income. And if the taxes go too high, they will rely more on tax shelters just like they have always done. What thinking person really believes that increasing taxes on the wealthy actually causes them to pay more, or results in more revenue to the government?
Corporations, of course, do not pay taxes. Customers of corporations pay taxes. The leftist politicians know this, but still roll this out as a dog whistle for their base.
$27.8 Trillion debt / 130.6% debt to GDP ratio currently. The last $2.8 Trillion omnibus bill has yet been added. So we are currently $30 Trillion in debt.
I say all that to say this...by the time Harris/Biden/Pelosi/Schumer run through the next four years with all their Utopian nonsense, we will likely be knocking on $50 Trillions door.
Can you spell.....hyper-inflation?
Tax increases...across the board, restoration of regulation(s), Green new deal, Paris accords, student loan forgiveness, medicaid/medicare for all, amnesty for 20+ million illegals, rise in oil prices/fuel prices.
Yea...gonna be fun boyz and girlz.
The RATs in Congress are millionaires too.
Gosh darn it, he tried - he’ll just have to raise taxes on the middle class to get the money. /s
Where’s my check, Joe?
I tell any liberal that wants to discuss tax policy that the Dems only want to soak the upper middle class. Never the real rich. That’s their masters. If they really wanted to go after the rich they’d change trust law. That ain’t happening.