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Biden planning first major tax hike in almost 30 years: report
thehill.com ^ | March 15, 2021 | Joseph Choi

Posted on 03/15/2021 6:51:25 AM PDT by John W

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To: ScubaDiver

Agreed, This is when they end the Senate filibuster.


21 posted on 03/15/2021 7:07:16 AM PDT by Candor7 ((Obama Fascism:http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html) )
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To: John W

NO ONE should be surprised by this.

NO ONE.


22 posted on 03/15/2021 7:08:01 AM PDT by Bon of Babble (Rigged Elections have Consequences)
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To: John W

Trial balloon. Watch how it plays on Wall St.

The choomster used to threaten a 1/4% rate hike, via Fed, but would reassure “no rate hikes for next 2 years at least” as soon as the DOW began to tank over it.


23 posted on 03/15/2021 7:08:17 AM PDT by Migraine
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To: John W

“expanding the estate tax”..You can’t take it with you (or leave it to whom you want). It belongs to ‘your’ government, which allowed you to have it while you were alive...


24 posted on 03/15/2021 7:09:00 AM PDT by silent majority rising
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To: John W
The planned increases reportedly include: raising the corporate tax from 21 percent to 28 percent

This might temporarily rouse republican senators from their slumber. Make a few speeches then back to sleep when the cancel monsters come out.

25 posted on 03/15/2021 7:09:19 AM PDT by TimSkalaBim
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To: 2banana

The election was undoubtedly stolen, but even so, some unknown tens of millions legitimately did vote straight D. Biden didn’t win on the up and up, but he did get enough votes to make it possible to pad his real totals enough for the fraud to work. Now the damage has been and is being done. I don’t see how this nation comes back from this catastrophe. Maybe I’m being too pessimistic, but I just don’t see a bright side.


26 posted on 03/15/2021 7:12:01 AM PDT by Avalon Memories (Clowns to the left of me, jokers to the right...)
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To: Vermont Lt

The good news is that we will make $400 K. The bad news is that a load of bread will cost $50.


27 posted on 03/15/2021 7:12:21 AM PDT by maro (MAGA!)
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To: John W

What are they talking about - Obamacare was the largest tax increase in history.


28 posted on 03/15/2021 7:13:13 AM PDT by circlecity
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To: John W

There goes your $1400 check Joseph Stolen “GAVE” you.

But the 90% of the rest of the recipients of the $1.9TRILLION pork don’t have to give it back.


29 posted on 03/15/2021 7:17:57 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity. )
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To: John W

He said on the campaign trail that he was going to end the Trump tax cuts. That raises taxes on EVERYONE, Joe.

They keep floating out this “only for people over $400k”. Then stop lying about the Trump tax cuts, old man.


30 posted on 03/15/2021 7:19:06 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity. )
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To: John W
President Biden's handlers is are reportedly planning the first major hike in federal taxes in almost 30 years to fund the economic program set to follow the recently approved $1.9 trillion pandemic stimulus package.

There. The truth always comes through.

31 posted on 03/15/2021 7:19:09 AM PDT by upchuck (President Trump took down ISIS. *resident Biden took down Dr. Seuss and Mr. Potatohead ~ h/t pookie)
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To: ScubaDiver

Wealth tax? How many tens of billions are Bezos or Gates going to give up?

ZERO.


32 posted on 03/15/2021 7:20:26 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity. )
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To: silent majority rising

Dead Red Ted Kennedy sure didn’t lose HIS estate to the estate tax. Kennedys are special. They don’t want YOU to have wealth passed down. But they have a self-serving “foundation”.


33 posted on 03/15/2021 7:22:00 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity. )
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To: John W
President Biden is reportedly planning the first major hike in federal taxes

It is unlikely that Biden is planning anything.

ML/NJ

34 posted on 03/15/2021 7:23:02 AM PDT by ml/nj (DITCH MITCH !)
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To: a fool in paradise

Sure. But, by design, that’s not what the wealth tax targets. The wealth tax targets the middle class...because that’s where the real money is.


35 posted on 03/15/2021 7:23:27 AM PDT by ScubaDiver (Reddit refugee.)
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To: John W
increasing the income tax rate on people making more than $400,000

400k, doubtful, it will be any family $125,000 and up and individuals over 75k.

36 posted on 03/15/2021 7:25:28 AM PDT by 1Old Pro
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To: ScubaDiver

Bill Gates pilfered his wealth FROM the middle class. he repeatedly lied to Congress and said that there weren’t skilled tech workers here, that he needed cheap labor imported from India. He pocketed the difference and depressed salaries in the entire industry.


37 posted on 03/15/2021 7:25:31 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity. )
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To: John W

Which can be done under reconciliation...assuming he can keep all his people in line. It’ll be interesting.


38 posted on 03/15/2021 7:26:25 AM PDT by DoodleDawg
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To: glimmerman70

[Here we go. But only if you make more than 400k a year right. Lol.]

Everyone else <$400K will be impacted bc those >$400K will just raise prices to make up for the cost.

Get ready for massive crippling inflation.


39 posted on 03/15/2021 7:27:26 AM PDT by ObozoMustGo2012
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To: ScubaDiver
The hedge fund boys own Chuck Schumer. So much so that he wrote a special line into the tax code just for them. Hedge funds profits are taxed at a special rate cheaper than the normal rates.

YOUR problem is that YOU can not afford to buy a Senator. Especially, the Senate majority leader.

40 posted on 03/15/2021 7:32:40 AM PDT by woodbutcher1963
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