Foreigner Looking In.
Diamond Member
- Jan 10, 2021
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He has already shifted and now says "families who earn less than 400k"Yeah...but... that is based on the lie that it raises taxes only on the wealthy.At least eight polls have been conducted and released recently showing strong support for President Biden’s Made in America Tax Plan, which would raise about $2.5 trillion from corporations to pay for the $2.3 trillion cost of the American Jobs Plan. These polls also show strong majorities for Biden’s proposal to raise taxes on people who make more than $400,000 a year, which is expected to be the primary way he pays for his forthcoming American Family Plan.
“Making corporations and the wealthy pay their fair share in taxes is a winning message, period,” said Frank Clemente, Executive Director of Americans For Tax Fairness. “For too long our country has had a system where the rich, powerful and privileged can hoard money, avoid taxes and continually put the responsibility on the middle class. President Biden’s plan to close tax loopholes and begin to create a fair share tax system is a bold move, and the right move. Voters clearly like the President’s jobs and infrastructure the more it’s paid for by the rich and corporations.”
WIDESPREAD SUPPORT FOR FUNDING BIDEN INFRASTRUCTURE PLAN WITH TAXES ON RICH & CORPORATIONS - Americans For Tax Fairness
SUPPORT RISES WHEN PLAN IS FUNDED BY RAISING TAXES ON CORPORATIONS At least eight polls have been conducted and released recently showing strong support for President Biden’s Made in America Tax Plan, which would raise about $2.5 trillion from corporations to pay for the $2.3 trillion cost of...americansfortaxfairness.org
The working class of America pay on average 26% of their wages in taxes. Why shouldn't the corporations and the rich pay the same?
Numerous Biden tax hikes also raise taxes on middle class folks.
Take two of them....
Capital gains tax hike. At first it was anyone earning over $1 mil. Now he says, he won't raise taxes on anyone earning less than $400k. I pretty much guarantee that number will fall again. It has to. There are nowhere near enough millionaires earning capital gains to pay for anything.
Transactional tax in stock trading. The target is HFTs (High Freq. Trading) but it does not stop there. Even CNN is against this tax, as they correctly point out the people affected the most will be middle class traders, retail traders etc. And this tax will be levied on people...even of they lose money in the transaction.