Posted on 03/17/2024 6:30:13 PM PDT by SeekAndFind
Before anybody can claim that I am circulating a conspiracy theory, or citing an unreliable “news” source, I am going to quote President Biden’s State of the Union address and his own website (whitehouse.gov) as the sources of this information.
I will then encourage readers to circulate this information as widely as possible via social media, letters to the editor, and talk radio to educate the public between now and Election Day.
The State of the Union address says in part, “Under my plan nobody earning less than $400,000 will pay an additional penny in federal taxes. ... It’s time to raise the corporate minimum tax to at least 21% so every big corporation finally begins to pay their fair share.”
The whitehouse.gov site adds, and emphasis is mine,
Corporations received an enormous tax break in 2017. While their profits soared, their investment in their workers and the economy did not. Their shareholders and top executives reaped the benefits, without the promised trickle down to workers, consumers, or communities. The President’s Budget would set the corporate tax rate at 28 percent, still well below the 35 percent rate that prevailed prior to the 2017 tax law. In addition, the Budget would raise the Inflation Reduction Act’s corporate minimum tax rate on billion-dollar corporations that the President signed into law from 15 percent to 21 percent, ensuring the biggest corporations pay more of their fair share. These policies are complemented by other proposals to incentivize job creation and investment in the United States to help ensure broadly shared prosperity.
Biden must really agree with Barack Obama’s position that most people who live outside deep-blue Democrat strongholds like New York City, Los Angeles, Chicago, Boston, Philadelphia, and so on as bitter, small-town people
(Excerpt) Read more at americanthinker.com ...
Someone needs to call him on this finally
Those corporations raise their prices to cover the tax increases
So the people do wind up paying them when they buy the goods and services
Joe knows this, all socialists know it
Time to not let them slide on this crap
Its a pass-through to consumers/customers
The problem with high corporate tax is that the corporations can just leave for overseas.
People have harder time to move, but for corporation, it is a piece of cake.
I fully expect the US Government to come after Roth’s as it avoids taxes.
I also expect demonization of double dippers, those of us getting military retirements and social security. Veterans are now a conservative minority so a target.
When — not if — Biden steals 2024, he will be instructed by Obama to raid, outright, all 401ks and Roths.
Well, then I’m triple screwed: mil retirement, ss, and civil service retirement.
Quadruple-screwed.
Military retirement
Social Security
Civil Service retirement
401k
Oh wait, quintuple screwed
Roth
Get sick of seeing these dramatic articles. Biden is going to take your 401(k)s here is the sneaky way he will do it...then nothing in the write up about how this will ever come to pass. Regardless it’s using FEAR to motivate to something that is just not even talked about. Please just stop. We have enough to worry about for real.
Biden is raiding my retirement account everyday with his inflation spending.
Gasoline has jumped in our state about 40 cents per gallon in the last couple of months, including a 10 cent jump last week.
If that is not raiding my retirement account, nothing will.
My wife and I worked 40 years to build modest retirement accounts and I’d estimate their purchasing power has gone down 25 percent since Biden seized control of the government; certainly no less than 20 percent.
I think you like being screwed 5 times?
Must be getting old.
No, civil service is a major lib voting block. Typical broken weapon diagnose, they won’t work because you can’t fire them.
So, Bernie proposes to increase every corporation’s labor costs by at least 20%. And Biden wants to increase their taxes 30-40%. And they think that won’t be passed on, and cause even more inflation?
ping
Abort all liberals. It should be allowed to the 500th trimester.
MY BODY, MY CHOICE
FAIRtax ping!
The 2017 tax law was a huge benefit for small corporations like mine, with fewer than twenty employees. When Biden speaks of a corporate minimum tax he is talking about me - not the giant multi-nationals who fund his party.
Those corporations raise their prices to cover the tax increases
So the people do wind up paying them when they buy the goods and services
Joe knows this, all socialists know it
Its a pass-through to consumers/customers”
This will get interesting when prices keep going up! Only a ‘maroon’ doesn’t understand how this works
Thanks for the remarks Jonny
You are spot on (pun? LOL?)
The fear porn trolls think it is full moon tonight.
How else could they ….. oh, wait
and Yet ....
All according to plan.
That has always been my fear, and why I never went with a Roth.
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