Posted on 04/04/2021 10:45:41 AM PDT by SeekAndFind
When Joe Biden unveiled his $3 trillion infrastructure bill, he told the American people that no one making less than $400,000 a year would have their taxes raised. He said, “No one making under $400,000 will see their federal taxes go up, period.”
In the immortal words of Independence Day Defense Secretary Albert Nimziki, “That’s not entirely accurate.”
On Friday, the president said that a two-partner family would be impacted if their combined income crosses $400,000. He also claimed that jacking up corporate and business taxes right at the beginning of the recovery from the pandemic “will not slow the economy at all.”
Does anyone else get the feeling that Biden and his advisors are just a bit delusional?
“It is a once-in-a-generation investment in our economic future, a chance to win the future — paid for by asking big corporations, many of which do not pay any taxes at all, just to begin to pay their fair share. And it won’t raise a penny of tax on a family making less than $400,000 a year, no federal tax, no addition,” he said.
The president’s description of the tax hike as applying to any “family” that makes more than $400,000 per year is a significant change from his earlier remarks, and could mean families on the cusp of affluence in areas with high costs of living are impacted.
[…]
In an interview last month with ABC News, Biden said, “If you make less than $400,000, you won’t see one single penny in additional federal tax.”
The number of families with two incomes exceeding $400,000 is a lot more than single taxpayers earning that amount. And if you have two children and a house and live in an expensive real estate market, even $400K doesn’t make one “wealthy.”
(Excerpt) Read more at pjmedia.com ...
Biden isn’t capable of keeping his check book register straight.
I heard that’s actually for people making more than 200,000 pennies.
The church asks only a 10 percent tithe. If that's enough for God it surely ought to be enough for a government that thinks its God.
Please read and remember the tag.
Joe doesn’t have a clue what the hell is goin on. He’ll have to check with Obozo and Carville to find out what day it is.
Fuel prices will hit everybody. Watch the correlation between diesel and food prices. Food is shipped to grocery stores and restaurants with diesel trucks.
And yes it hits everybody.
Oh gee, I am so supwised. /s
Dayum, Carl, don’t hold back, tell us what you really think!
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