Joe Biden wants to raid Americans’ retirement accounts: And not just the ones belonging to rich people. Here is the sneaky way he’ll do it

American Thinker ^ | 03/17/2024 | Civis Americanus

[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.

We Have Met the Corporations, and They Are Us

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

[wafflehouse]

ha! retirement. Im going to work til noon on the day i die. thats my retirement plan