Biden reportedly planning first
major tax hike since 1993 in
next economic package
Fox News,
by
Megan Henney
Original Article
Posted By: Moritz55,
3/15/2021 5:51:49 PM
President Biden is reportedly planning to include the first major tax hike in close to 30 years in the next economic spending bill set to follow his $1.9 trillion coronavirus relief package.
The next spending initiative — which is expected to be even bigger, costing as much as $4 trillion — won't rely on just government debt as a funding source and could include an increase in both the corporate tax rate and the individual rate for high-income earners, according to Bloomberg News, citing a person familiar with the matter. The planned changes include: raising the corporate tax rate to 28% from 21%, raising the income tax rate
Reply 1 - Posted by:
Nimby 3/15/2021 6:03:11 PM (No. 724741)
Want to hear from those Bidet voters
8 people like this.
Reply 2 - Posted by:
FunOne 3/15/2021 6:18:26 PM (No. 724756)
New new wave of Democrat voters is flowing across our southern border. Their votes are needed to offset the votes of the people who are fed up with paying taxes to meet the basic needs of these intruders. It is all a math game...plus s few hundred thousand phantom ballots that appear in the dark morning hours.
7 people like this.
Reply 3 - Posted by:
udanja99 3/15/2021 6:36:12 PM (No. 724771)
The cartoon on the home page is particularly appropriate today. Hubby and I both qualify for the $1400 covid check each based on last year’s income. We are now both retired. Today we received a letter from the Dept. of the Treasury that we together would get one check in the amount of $485. I guess that felons and illegals are getting the other $2,315. How much is that check going to cost us? Talk about “crumbs”, Nancy.
8 people like this.
Reply 4 - Posted by:
DVC 3/15/2021 6:36:13 PM (No. 724772)
They are working hard to destroy the economy, in every way possible.
13 people like this.
Reply 5 - Posted by:
bpl40 3/15/2021 6:36:36 PM (No. 724773)
Pl.look at my response above. "Did you expect anything else?"
0 people like this.
My suggestion to Republicans, stay out of their way and let the democrats present their plans.
Don't look like you're the party of the rich, as they are intending to use any comment about raising taxes on the wealthy against every single one of you.
The only thing I would say is they should reduce the capital gains income level down from $1 million to $400-500,000 as it likely captures folks like Warren Buffett more, as I doubt he spends $1 million per year.
Just let the democrats pile on the taxes for the wealthy, and close many of the loopholes they've wanted to close for so many years.
Don't get in their way.
3 people like this.
Reply 7 - Posted by:
ladydawgfan 3/15/2021 7:13:32 PM (No. 724800)
"The trouble with Socialism is that eventually you run out of other people's money."
- Dame Margaret Thatcher
They would get a lot more money if they taxed remittances south of the border at 50%. If it is from a legal citizen, that money could be declared on income taxes and recouped.
3 people like this.
Reply 8 - Posted by:
watercheetah 3/15/2021 7:18:26 PM (No. 724802)
WRONG! 2009 Obamacare was a huge tax increase. Remember that Roberts himself called it a tax and despite the semantics it definitely was one.
4 people like this.
A major tax increase in the middle of a major recession and record-breaking unemployment makes as much sense as a massive increase in illegal immigration. Biden's genius at work.
5 people like this.
Reply 10 - Posted by:
caljeepgirl 3/15/2021 8:51:45 PM (No. 724854)
LOL, Biden isn't planning anything, except maybe his upcoming weekend(s) in Delaware.
2 people like this.
Reply 11 - Posted by:
SALady 3/15/2021 9:26:44 PM (No. 724875)
Is anyone the least big surprised?!?!?!?
We all knew this was coming when not-my-president Lyin' Joe Biden's handlers stole the election for him.
However, I still think these headlines are so funny. Not-my-president Lyin' Joe Biden is too senile to be "planning" anything. His handlers are making lots of plans to destroy this nation and our economy. Not-my-VP Camel-Toe Whorish is planning all sorts of terrible things once she has not-my-president Lyin' Joe Biden removed using the 25th amendment and starts to institute all of her socialist nightmare list on us peasants.
5 people like this.
Reply 12 - Posted by:
DARling 3/15/2021 10:07:27 PM (No. 724896)
O'Reilly's next book needs to be "Killing the Golden Goose." Raise taxes and more businesses will close; more workers, including union members, will lose their jobs. Luxuries like movies and dinners out will have to be curtailed, hurting already-struggling theaters and restaurants.
The democrats will keep on catering to the do-nothings and illegal aliens in this country until there is no more money left to steal. The joke will be on them. Conservatives know how to make do, grow gardens and live without costly entertainment options. Liberals will be lost without Door Dash food deliveries.
1 person likes this.
Reply 13 - Posted by:
Jesse Jenkem 3/15/2021 10:24:26 PM (No. 724906)
I'm guessing only White people will get tax increases.
2 people like this.
Reply 14 - Posted by:
Salt5792 3/15/2021 10:52:54 PM (No. 724928)
Absolutely no one should be surprised that a Democrat election win results in higher taxes.
0 people like this.
Reply 15 - Posted by:
thewarden 3/15/2021 11:19:36 PM (No. 724942)
This is my shocked face...
1 person likes this.
Reply 16 - Posted by:
bobn.t 3/16/2021 12:48:53 AM (No. 724988)
Nov 2022 please hurry.
The illegals need our money.
Biden (Obama3) still trying to destroy the economy and country.
1 person likes this.
Reply 17 - Posted by:
Trigger2 3/16/2021 2:14:23 AM (No. 725018)
Demonrats always destroy the economy; Republicans always invigorates the economy. True fact.
0 people like this.
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