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Trump supporters need to play hardball

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Posted By: earlybird, 3/16/2021 2:01:16 PM

Rebel News reported, "President Joe Biden is reportedly planning to increase the federal tax — the first major hike in almost 30 years — to help pay for the economic program that is set to follow the $1.9 trillion coronavirus stimulus package passed last week." That's interesting. Clinton raised them in 1993. Bush II and Donald Trump lowered them. .(Snip) I am sorely tempted to play hardball with the rich. After what they did to conservatives in America, I want to make them pay. I am tempted to say soak the rich and tax the hell out of them. None of these companies showed even an ounce of gratitude for

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I thought the same thing when I saw the tax increases Xiden proposed. They disregarded Trump’s 2017 corporate tax cut and campaigned for and gave their support to Biden. Zuckerberg and all his billionaire pals? Kapow. And plenty of others...

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Reply 1 - Posted by: Bluefindad 3/16/2021 2:23:13 PM (No. 725608)
Taxing corporations is like appointing them as tax collectors. They simply incorporate the tax expenses into the amount they charge their customers for the goods and services they provide. It also strengthens the advantage enjoyed by foreign competitors. As for "taxing the rich": C'mon man! The uber wealthy are the ones who control the lobbyists who write the legislation, buy off the politicians and insure that the large loopholes are kept wide open for them!
10 people like this.

Reply 2 - Posted by: Mike22 3/16/2021 2:29:47 PM (No. 725619)
Corporations don't support politicians, corporate executives do. Support raising all taxes - income, capital gains, real estate, etc. - on executives in large (fortune 500) corporations 2 or 3 hundred percent (higher for big tech and big finance) as the "Americans best able to help others out in this time of crisis" and "as winners in life's lottery obligated to help the less fortunate". That would get their "woke" attention.
8 people like this.

Reply 3 - Posted by: Jubal 3/16/2021 2:30:59 PM (No. 725623)
As Gomer would say: SHAZAM!! Don't know if this portends anything from the female's hair sniffer in the White House, but I saw a commercial on TV that featured a white person, a real live Caucasian man. Take that to the bank!
4 people like this.

Reply 4 - Posted by: RuckusTom 3/16/2021 2:35:58 PM (No. 725632)
#1 Spot on. Corporations don't "pay" taxes, they just pass the tax expense on to their customers.
12 people like this.

Reply 5 - Posted by: HerbVA 3/16/2021 3:06:03 PM (No. 725669)
The economic illiteracy of the American people never ceases to amaze me. Consumers and shareholders pay all corporate taxes. A higher minimum wage passes off increased labor costs for those fortunate enough to keep their jobs on to consumers. Qui Bono ?
6 people like this.

Reply 6 - Posted by: stablemoney 3/16/2021 4:35:15 PM (No. 725742)
The big corporations can pass the cost to their customers. It is the small companies and the middle class that will bear the burdens. This class has a lot of Trump supporters, and Biden and the socialists want it destroyed.
6 people like this.

Reply 7 - Posted by: qqi239 3/16/2021 4:57:28 PM (No. 725762)
Corporations spent tax cut money on stock buybacks. Rich people in this country spent billions to bring Democrats to power in 2020. I believe they should reap what they sown and Republicans should vote for each and every tax increase on high income individuals and corporations and for the wealth tax too.
3 people like this.

Reply 8 - Posted by: bighambone 3/16/2021 7:08:46 PM (No. 725860)
Remember anytime the liberal Democrats raised taxes in the past it was always the middle class tax payers who ended up paying the bulk of the taxes raised, as the poor don’t have any tax liability, and the rich who have the wherewithal to engage expert tax accountants, lawyers, and lobbyists, know how to obtain all sorts of tax advantages, and how to hide their money, so that they end up not paying very much, or instead move a lot of their money abroad to completely evade paying any taxes.
1 person likes this.

Reply 9 - Posted by: LadyVet 3/16/2021 10:14:09 PM (No. 725944)
Instead of raising corporate tax rates, just limit the tax deductible salaries of top 5% of corp executives. Any salary over $x million cannot be deducted, adjusted for inflation. Same with deducting salaries of movie stars and sports players.
3 people like this.

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