Read my lips or something.
Posted on 03/03/2023 12:03:02 PM PST by ChicagoConservative27
President Joe Biden will fight to force taxpayers to pay even more corporate taxes in next week’s 2024 proposed budget, which is likely to impact both large and small businesses.
Although the business term “corporation” is widely associated with large companies like Chevron, Berkshire Hathaway, and McDonald’s, C-corporations can be both large and small businesses.
According to the Small Business Administration (SBA), 31.7 million small businesses exist in the United States. Eighty-one percent, or 25.7 million, have no employees (run and operated by a single person) and 19 percent, or 6 million, have paid employees.
(Excerpt) Read more at breitbart.com ...
At least no more mean tweets.
Let’s see if House Republicans stand firmly against tax hikes. Any Republican voting for tax increases is dead meat in the 2024 primaries.
Just the thing an economy in or about to be in a recession needs—more taxes!
This isn’t foolishness, it’s intentional.
“This isn’t foolishness, it’s intentional.”
That’s a fact.
They do NOTHING to support businesses which are a medium of free exchange by which the folks trade work for goods, or money for goods, or goods for money.
They do everything they can to trash businesses.
They grab every cent they can from people who produce goods. They distribute that money to people who will support them and keep them in power and who produce nothing.
Ah, the old taxation two step. The Democrats will ask for X, the Republicans will agree to X/2 and declare victory in the name of “fiscal conservatism.”
Because the economy just isn’t crashing fast enough. 🙄
It has to get through the House, and it had darn well better NOT!
That and spending money we don’t have is all this stupid, corrupt, senile bastard knows.
Go for it Joe!
Not without Republican support he won’t. By law, all taxation bills have to start in the House.
Here’s an alternative:
1). Pull out all of the excess spending Congress voted to save the nation from the 2008 financial crisis. Much of that incremental spending made it into the baseline budget and has been inflated over time. Pull out that spending since the financial crisis is long over.
2). Pull out all of the unspent Covid emergency spending as well as all of the Covid spending that made it into the baseline and will be inflated to infinity over the next few decades if it isn’t zeroed out.
The two spending items likely account for hundreds of billions if not over a trillion. Substantial progress toward slashing the budget can be made.
3). Return to a work requirement on all welfare programs.
4). Privatize the federal student loan program.
5). End aid to Ukraine.
6). Require all settlements from federal lawsuits and regulatory actions go into the general treasury designated for repayment of the national debt. No more handing these funds over to social justice groups allied with the Democrat party.
7). Open up federal lands for drilling and rare earth elements mining. All royalties and revenue from these activities sent to the government must go to the treasury for the purpose of paying off the national debt.
8). Deport all people illegally inside the country who are receiving social welfare benefits.
Taxes will be going up anyway due to trumps tax plan sunsetting in 2022. Get ready to get walloped in all tax brackets.
Tax revenue is completely decoupled from spending.
At this point, the only purpose of taxation is to punish disfavored classes of people.
That worked well for Mondale.
"We're gonna tax their assess off!"
Thankfully, that imbecile never saw the inside of the Oval Office, unlike Pedo Joe.
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.