Posted on 03/07/2024 12:42:55 PM PST by backpacker_c
President Joe Biden plans to launch a raid on the super rich, hiking taxes for corporations and billionaires like Elon Musk and Jeff Bezos.
White House officials said the steps were part of a proposed 2025 budget to be released next week, and aimed at reducing the federal deficit by $3 trillion over 10 years.
The tax plans are expected to form a core part of Biden's re-election campaign, contrasting markedly with presumptive Republican nominee Donald Trump, whose 2017 'Tax Cuts and Jobs Act' slashed taxes on companies and the wealthy.
(Excerpt) Read more at dailymail.co.uk ...
This is actually cover for the all the irs agents who will be calling the middle class in for audits, where biden would nickle and dime the middle class to death.
Meanwhile, the overspending and deficit grows by 1 trillion every 100 days.... so trying to save 3 trillion over 10 years is nothing, when it currently is growing 3 trillion in this year, and more every following year.
“hiking taxes for corporations”
Which will be passed along to the public.
Brilliant.
Let it all burn-—also, these are the people that support Biden, so let them burn as well. The ship is sinking fast-—grab all the crew and captains to go down with it.
Well let me correct myself.
It MAY be brilliant because Joe’s voters are too stupid to know they will be paying corporate taxes.
They will just be angry when they pay more and think it’s the supermarket’s fault.
Deep State’s definition of rich: Anyone drawing a private sector paycheck.
Note what Deep State is NOT proposing...
A wealth tax..
Joe Biden Flight school, when the engine fails on take off, yank back on the stick!
He can’t EO that.
Congress, who are rich themselves, would have to agree. This is not a brilliant move during an election year.
Corporate taxes are passed to consumers, so prices will go up. And interest rates are very problematic and so taming inflation is not easy. So prices will go up.
Having no money.
Owning nothing.
Being happy, happy, happy.
Billionaires just put thier money in Tax shelters. But they par more when taxes are cut, and shelters are closed.
We need an extra 10% tax on libtards so they’ll feel good about themselves
Every time the Dims said that they’d raise taxes on the rich they wound up raising my taxes too. Every time. Even when I was making less than $7/hr.
It’s a line item on their income statements.
Hey leftscum idiots (obviously not referring to Freepers), big corporations don’t actually pay the taxes. They pass the costs on to their consumers — us little people. Morons.
LET’S SEE——— Debt rising a $ Trillion every 3 month=== $ Trillion a year===and JOE wants to get DEBT DOWN $3 Trillion in 10 years.....
Have done Accounting for over 66 years.
CANNOT RECONCILE those numbers-—HE IS NUTS
IF JOE think Oreos are small now-—wait until this is implemented.
ALSO—Watch the LAYOFFS.
I’m in favor of this. Tax the hell out of them. Change the tax code so investment income is taxed the same as salaried income and get rid of the carried interest deduction. I’m 100% in favor of taxing the hell out of the wealthy. If they want socialism, give it to them good and hard.
Of course, election year class warfare pandering, democrats do it every election. He knows it will never see the time of day in the Republican house, but then he can claim they only care about the rich.
And tax them on worldwide income so they can't offshore their profits and claim that they didn't make money in the US.
How about a 100% tax on overseas income for political access?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.