Biden is set to announce $3 TRILLION in
tax hikes tomorrow: President will target
businesses, married couples, high earners
on more than $400k, and estates to fund
his climate-friendly infrastructure package
Daily Mail (UK),
by
Geoff Earle
Original Article
Posted By: OhioNick,
3/30/2021 3:34:42 PM
President Joe Biden is set to announce up to $3trillion in tax increases targeting the rich and middle class when he unveils his infrastructure package in Pittsburgh tomorrow.
The hikes could hit Americans earning more than $400,000 a year, businesses, married couples and estates.
It is part of his bid to fund the revenue needed for his bold proposal to pay for new roads, bridges, green technology and 'human infrastructure' - which includes subsidies for Americans to pay for health insurance and measures to cut child poverty.
Reply 1 - Posted by:
DVC 3/30/2021 3:35:51 PM (No. 739751)
Demonrats, doing their very best to wreck the economy for the average person.
60 people like this.
Reply 2 - Posted by:
Son of Grady 3/30/2021 3:39:41 PM (No. 739759)
Right before Good Friday
Biden anncouuces he's going to crucify all of us.
76 people like this.
Reply 3 - Posted by:
snapper451 3/30/2021 3:42:28 PM (No. 739760)
We can not continue to allow these idiots to pass massive spending bills and tax increases by "reconciliation". To do this without any Republican minority input is unconscionable. Where the heck is the Tea Party? Anyone else here remember when Paul Ryan was "budget wonk"? Now he's at the Chamber of Congress with the matador flag waving in the illegals and cheering the Democrats destroying the economy and the country. We need President Trump badly!
50 people like this.
Reply 4 - Posted by:
volksford 3/30/2021 3:47:01 PM (No. 739769)
Shovel Ready jobs....sound familiar ?
38 people like this.
Reply 5 - Posted by:
moebellini3 3/30/2021 3:48:20 PM (No. 739771)
All these commies know how to do is steal your money and destroy your life. All of this on top of a pandemic that has destroyed small businesses all over the country and destroyed people's lives. And not a single democrat in congress has a freakin clue about getting our economy going again....Appalling...
42 people like this.
Reply 6 - Posted by:
Speedypetey 3/30/2021 3:53:58 PM (No. 739774)
And the middle class will get tax increases not just those over $400,000/year. And the middle class and lower class will pay more for everything as corporations increase prices to pay for China to pollute. Don't worry, with a few thousand pages of legislation that no one has time to read there will be for every tax on the ultra wealthy campaign manipulators a corresponding tax break scheme.
39 people like this.
Reply 7 - Posted by:
Hermit_Crab 3/30/2021 4:02:22 PM (No. 739781)
America will finally join the long list of nations that taxed themselves into prosperity. Yay!!!
/s
29 people like this.
Reply 8 - Posted by:
Califedup 3/30/2021 4:02:55 PM (No. 739782)
Let's see what the republicans do about this. Just remember their surrender to the stolen election coup by the communist death democrats is why all of this war on our lives and freedoms is happening. The republicans did this to us and they continue to betray us.
At what point do we the taxpayers yell enough, is enough and refuse to pay taxes?
Free America.
36 people like this.
Reply 9 - Posted by:
marbles 3/30/2021 4:03:03 PM (No. 739784)
Payoffs, kickbacks and out right theft..........brought to you by the democrat party
33 people like this.
Reply 10 - Posted by:
jimincalif 3/30/2021 4:03:19 PM (No. 739785)
The will destroy the economy, then tell us that free-market capitalism "failed", and that the only solution is for the government to take over.
34 people like this.
Reply 11 - Posted by:
MDConservative 3/30/2021 4:04:39 PM (No. 739788)
So let's recount...$4 TRILLION in "good" Republican/Trump stimulus...$2 TRILLION in "bad" Democrat/Biden stimulus, now with Republican earmarking allowed. At least $12 TRILLION in total various spending, none of which is other than borrowed money. At least interest rates are kept artificially low so we can float that much. Let's stop kidding one another. And now they'll ruin everything by taxing more. There is no one, Republican or Democrat, can shout about "fiscal responsibility" with any moral authority these days.
17 people like this.
Reply 12 - Posted by:
oldmagnolia 3/30/2021 4:06:27 PM (No. 739792)
This is how they get the "stimulus" back.
16 people like this.
Reply 13 - Posted by:
BarryNo 3/30/2021 4:07:10 PM (No. 739793)
Puppet Biden wishes to draw blood from a stone. We need to find the Puppet Master and tell him what we think, up close and personal-like.
14 people like this.
Reply 14 - Posted by:
Jethro bo 3/30/2021 4:16:33 PM (No. 739800)
Probably the only thing Old Joe remembers is how to raise taxes. This guy could tear up a bowling ball. Imagine what he is doing to our economy.
9 people like this.
Reply 15 - Posted by:
coyote 3/30/2021 4:19:40 PM (No. 739804)
He is going to raise tax rates, but, as we know, that doesn't necessarily raise revenue.
14 people like this.
Reply 16 - Posted by:
SALady 3/30/2021 4:29:23 PM (No. 739811)
This is exactly what happens when you make it possible for people to vote for a living instead of working for a living.
And as fewer and fewer people decide it's worth working, when the government will just give them lots of free stuff to sit on their butts, there will be fewer and fewer "rich people" to pay all those taxes.
And personally I blame the Republi-Can'ts. We knew the Demon-Rats were pure evil and would do this every chance they got. But for the Republi-Can'ts to have sat by and let it happen these last few years, there is no excuse!!! They were supposed to be the good guys, but were just a bunch of swamp rats instead!!!
15 people like this.
Reply 17 - Posted by:
montwoodcliff 3/30/2021 4:47:19 PM (No. 739828)
Do defenders of the election still think Biden won fair and square? They will accept it and the taxes as long as they don't have to pay any of it. After all, it's only the rich and super rich who will come up with $3 trill! I remember from many years ago on his April Fools Day broadcast, Rush said the poor should be taxed. Of course, he was joking, but he had a point. Everyone should have some skin in the game. Didn't Obama say that? And when it comes to the gasoline taxes being super high in Europe, it's because in years past they didn't have oil until it was discovered in the North Sea. Now they have oil but the taxes remain. Watch for your fuel taxes being raised as well.
8 people like this.
Reply 18 - Posted by:
LC Chihuahua 3/30/2021 4:51:25 PM (No. 739833)
This does not end well folks.
New taxes we cannot pay for spending we cannot afford brought to us by the tens of millions of people who voted for these crooks because they thought they would get something for nothing.
And the Chinese lecture us about unrealistic priorities.
14 people like this.
Reply 19 - Posted by:
stablemoney 3/30/2021 5:12:50 PM (No. 739848)
The politicians have already pushed 6T out the door to people not to work. Why didn't they use that money to pay those people to work on their infrastructure project?
9 people like this.
Reply 20 - Posted by:
bad-hair 3/30/2021 5:58:04 PM (No. 739886)
First you got to debate it and have your press puppies sell it to voters. Then you've got to pass it and sign it. Then you have to go to the IRS to enforce it. By which time all the RICH bastids and corporations that the IRS doesn't have the manpower to audit anyway will be long gone, to Mars if need be, and they ain't coming back.
8 people like this.
Reply 21 - Posted by:
nhveritas 3/30/2021 6:00:05 PM (No. 739887)
Anyone who works for a living will have increased taxes thanks to middle class Joementia*. On a positive note, it warms my heart to know these politicians are solving so many problems with the money they extract from us peasants...right
6 people like this.
Reply 22 - Posted by:
red1066 3/30/2021 6:08:15 PM (No. 739897)
Biteme is taking directions from China on this one. China adheres to no climate issue while it builds nothing but coal fired power plants.
8 people like this.
Reply 23 - Posted by:
Starboard_side 3/30/2021 6:11:30 PM (No. 739900)
Republicans need to complain they aren't paying for what they want, and remind them that President Trump had a plan for infrastructure but the democrats refused to discuss simply to deny him a win. They were all about the resistance of anything Trump, after all.
Doubtful Biden could recite 5 things in his alleged plan either.
But, Republicans should not complain about the tax increases, except maybe the "stepped up" basis for someone's home or farm.
And, let the democrats increase the gasoline tax too, don't fight any of this, or you'll be stepping into their trap of being able to say you're only looking to protect the rich.
Don't let them think you'll vote for it either, or they'll allow their "moderate" members vote against tax hikes, again just to paint Republicans as "the party of the rich".
3 people like this.
Reply 24 - Posted by:
EJKrausJr 3/30/2021 6:19:11 PM (No. 739912)
Taxes, who needs taxes, when you the US Treasury is printing monopoly money. Joe Biden, the bank is already busted. The gold depositories are empty. All you have left is paper. You are on the path to becoming Venezuela in less than a year. Quite an accomplishment China Joe.
12 people like this.
Reply 25 - Posted by:
Lawsy0 3/30/2021 6:25:58 PM (No. 739924)
He obviously has a BA in STAR D.
6 people like this.
Reply 26 - Posted by:
udanja99 3/30/2021 6:28:31 PM (No. 739929)
The $400 thousand limit is pure BS. Xiden already let the cat out of the bag and said it would actually be $200 thousand. But we know that is BS too.
Raising taxes while the unemployment numbers are still up from covid is about as tone deaf and stupid as anyone can get. Next he will double the capital gains tax and then congress will pass a wealth tax.
If you didn’t know this was coming, you weren’t paying attention last year. He told us this was coming and idiots still voted for him. I wish that it would only apply to his voters.
I’m glad that I retired on 12/31/2020.
10 people like this.
Reply 27 - Posted by:
mc squared 3/30/2021 6:44:13 PM (No. 739937)
So when does the bitching stop and the real shooting start?
13 people like this.
Reply 28 - Posted by:
anniebc 3/30/2021 8:41:25 PM (No. 740001)
Presidents, governors, congress critters, and other legislators should have to empty their bank accounts and sell all their possessions before they can raise our taxes. Always robbing people of their hard earned money. Thieves. Make me sick!
7 people like this.
Reply 29 - Posted by:
hershey 3/30/2021 9:55:12 PM (No. 740059)
Wanker.....
2 people like this.
Reply 30 - Posted by:
RuckusTom 3/30/2021 11:34:18 PM (No. 740130)
Close down a large portion of the middle class as "non-essential" during the Covid lock downs, then finish it off by tax increases. Brilliant. We'll be Venezuela 2.0 with the very rich, living in gated communities, and the very poor living under overpasses in a year or two. All part of the plan. By the way, a real stimulus would a) open everything up and b) suspend federal income taxes for employers and employees. It's rather ironic that the government takes our money through taxation (to make sure all the essential bureaucrats get their paycheck) then turn around and dole some of it back out to the peasants.
2 people like this.
Reply 31 - Posted by:
Blue-Z-Anna 3/31/2021 8:35:07 AM (No. 740332)
Forgery is a crime because it dilutes the pool of existing money and reduces the value of each dollar. How is this any different 😳?
2 people like this.
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