President Joe Biden is considering a tax hike to underwrite the economic program launched by the approval of his $1.9 trillion pandemic stimulus package, a Monday report by Bloomberg claims. The tax jump will be the first major move in federal taxes in almost 30 years if successful.
Bloomberg quotes unidentified sources to outline the increases will back Biden’s promises made during his 2020 campaign.
An independent analysis of the Biden campaign’s tax plan conducted by the Tax Policy Center found it would raise around $2.1 trillion over 10 years, according to the report.
Tax hikes included as part of infrastructure and job packages will likely include repealing part of former President Trump‘s 2017 tax law that benefitted corporations and wealthy individuals, the news outlet notes, citing sources close to the matter.
As Breitbart News reported, Biden twice flagged his desire to raise taxes on everyone, including the middle class, during last year’s presidential debates.
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Go for it Joe, Help the Republicans regain both houses of Congress. We can reverse all the crap that you are handing down.
Are you sure of that?
Thieves & Whores
this is insane the Biden administration is not just a joke it's crazy.
Sorry! It's greedy, self serving, and out to destroy this country! Downright wicked ‼️
In most states, We should be pulling our children out of school, including colleges and universities!
There is only 2 or 3 university or college level schools in the entire country that are still teaching proper curriculums, and not brainwashing programs.
Many young adults are not suited to college type careers. So many do better as blue collar workers, ie, plumbers, welders, electricians, hair stylists, housekeepers, accountants, carpenters, etc. And most of them make great money! I know from personal experience!
before retirement, my husband was one of those!
Biden is not making these decisions. Who else would pay for all these Illegals he is bringing in. WE ARE and will be for years.
You are absolutely correct!
He is mentally still in his bunker! Someone else is writing those EO's, and doing the evil thinking! He is a puppet!