bidens new $6.8 trillion budget proposal on new social programs and higher taxes.

[Theowl32]

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes (Published 2023)

The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

www.nytimes.com

Much of Biden’s budget hinges on trillions of dollars worth of proposed tax increases targeting the wealthiest Americans and major corporations.

The proposals include a so-called “billionaire” minimum tax aimed at imposing a tax of at least 25 percent on total income for Americans whose wealth exceeds $100 million, and raising the corporate tax rate from 21 percent to 28 percent. Biden also called for quadrupling the stock buybacks tax and upping the tax rate on U.S. multinationals’ foreign earnings.

 

[sealybobo]

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes (Published 2023)

The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

www.nytimes.com

Much of Biden’s budget hinges on trillions of dollars worth of proposed tax increases targeting the wealthiest Americans and major corporations.

The proposals include a so-called “billionaire” minimum tax aimed at imposing a tax of at least 25 percent on total income for Americans whose wealth exceeds $100 million, and raising the corporate tax rate from 21 percent to 28 percent. Biden also called for quadrupling the stock buybacks tax and upping the tax rate on U.S. multinationals’ foreign earnings.

Biden will go down as the next FDR. The new NEW DEAL president.

Fuck Clinton and Obama. Biden has been the most middle class President since Carter.

Only Biden is effective. Carter wasn't as effective as Biden.

You can't govern if you don't believe in government.

 

[Theowl32]

Biden will go down as the next FDR. The new NEW DEAL president.

Fuck Clinton and Obama. Biden has been the most middle class President since Carter.

Only Biden is effective. Carter wasn't as effective as Biden.

You can't govern if you don't believe in government.

Holy shit

 

[1srelluc]

Biden will go down as the next FDR. The new NEW DEAL president.

Fuck Clinton and Obama. Biden has been the most middle class President since Carter.

Only Biden is effective. Carter wasn't as effective as Biden.

You can't govern if you don't believe in government.

Good doggy....It's master however is retarded.

 

[TroglocratsRdumb]

Gen Z votes Democrat for all of the Free Stuff.
But when they become middle aged and middle class, they will see half of their income going to taxes.

 

[Theowl32]

Gen Z votes Democrat for all of the Free Stuff.

That's demogoguery. That's exactly what demogoguery means. That's a result of being sold by those that were determined to bring down the west and the strategy was convincing us that we are a democracy. Demogoguery is what happened when we were told through political correctness (identity politics) that voting is a RIGHT. Was never supposed to be a right. As a result of making voting A RIGHT we enabled political parties to promise free free free free to the ignorant and we became walking tropes. Campaign slogans. Mindless squishpots. This is the result.

It's over. The only thing to look forward to is to see the useful idiots pay the price for utter arrogant know it all stupidity.

 

[Resnic]

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes (Published 2023)

The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

www.nytimes.com

Much of Biden’s budget hinges on trillions of dollars worth of proposed tax increases targeting the wealthiest Americans and major corporations.

The proposals include a so-called “billionaire” minimum tax aimed at imposing a tax of at least 25 percent on total income for Americans whose wealth exceeds $100 million, and raising the corporate tax rate from 21 percent to 28 percent. Biden also called for quadrupling the stock buybacks tax and upping the tax rate on U.S. multinationals’ foreign earnings.

He gets what he wants either way.

If it passes he gets what he wants.

If it doesn't pass then he gets to be on tv talking about how conservative republican ultra mega maga supreme deluxe 3000 politicians are destroying America, raping your grandma, finger blasting your girlfriend, killing trannies, promoting racism and hatred and loving Russia by voting down his bill that would created a utopia for every ukranian.......I mean American. He gets 2nd place prize which is being to shit talk republicans because they denied his bill.

 

[Resnic]

Gen Z votes Democrat for all of the Free Stuff.
But when they become middle aged and middle class, they will see half of their income going to taxes.

That's why a whole lot of democrats are pushing to put the voting age to 16.

Meng Reintroduces Legislation to Lower the Voting Age in America to 16 Years Old

WASHINGTON, D.C. – U.S. Rep.

meng.house.gov

If they do that then they secure their power for a very long time. Because kids are dumb, stupid, they don't know shit about shit, idealistic, base all their info on social media which democrats control a lot of and they think with their feelings. Today's 16 year olds I can honestly say is as well developed as a 12 year old from 30 years ago.

And they are lazy as shit which explains why they like progressives because progressives tell them they are special, unique, smart, beautiful, amazing, deserve everything just for showing up, and they deserve to make a living wage for pouring coffee into a cup.

 

[B. Kidd]

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes (Published 2023)

The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

www.nytimes.com

Much of Biden’s budget hinges on trillions of dollars worth of proposed tax increases targeting the wealthiest Americans and major corporations.

The proposals include a so-called “billionaire” minimum tax aimed at imposing a tax of at least 25 percent on total income for Americans whose wealth exceeds $100 million, and raising the corporate tax rate from 21 percent to 28 percent. Biden also called for quadrupling the stock buybacks tax and upping the tax rate on U.S. multinationals’ foreign earnings.

Too soon for these kind of taxes as our economy and others still are recovering from the pandemic.

 

[sealybobo]

Holy shit

• The first bill passed by the new Republican House majority increased the debt by $114 billion by allowing wealthy people and corporations to continue to cheat on their taxes.
  
• Congressional Republicans proposed repealing—and are even running ads attacking—reforms President Biden signed to lower prescription drug costs. Repealing these policies would increase the amount of money Medicare pays Big Pharma, raise costs for seniors, and add $159 billion to the debt.
  
• House Republicans have advocated and proposed repealing tax increases on large corporations that President Biden has signed into law, adding $296 billion to the debt.
  
• House Republican leaders have also committed to extend the expiring Trump tax cuts, a $2.7 trillion debt increase that would give the top 0.1% (with incomes over $4 million per year) a $175,000 annual tax cut, over 2.5 times a typical family’s annual income.

That trickle-down economic theory has never worked. President Trump and President Bush’s tax cuts added trillions to the debt and failed to deliver their promised benefits for the economy or American workers. And taking revenues—and even savings from cutting corporate subsidies—off the table means Congressional Republicans consistently propose deep cuts to programs seniors and middle-class and working families count on.

That’s why the American people deserve to see Congressional Republicans’ full and detailed budget plan and compare it with the President’s Budget plan to invest in America, bring down costs for families, protect and strengthen Social Security and Medicare, and reduce the deficit.

Congressional Republicans’ Commitment to Debt Increases

The Tax Cheats Protection Act: House Republicans’ first bill in the new Congress would add $114 billion to the Federal debt by repealing President Biden’s legislation that cracks down on wealthy tax cheats. While working people pay 99% of taxes on their income from wages and salaries, the top 1% hides about 20% of their income from tax, including by funneling it through offshore accounts and tax havens that do not report earnings. President Biden passed a law to make our tax system fairer by cracking down on wealthy tax cheats, while protecting middle-class taxpayers and small businesses and improving taxpayer service. But 221 House Republicans voted to enable tax fraud by wealthy Americans and large corporations.

Increase Spending With a Handout to Big Pharma: House Republicans have introduced a bill to repeal the entire Inflation Reduction Act (IRA), including the reforms President Biden signed into law to lower prescription drug costs. Congressional Republicans and Big Pharma have launched a concertedattack on the IRA’s prescription drug reforms, advocating to increase both Federal spending and seniors’ costs to increase Big Pharma’s profits. Thanks to the new prescription drug law, Medicare will finally be able to negotiate drug prices, and drug companies will pay rebates to Medicare if they try to hike their prices faster than the rate of inflation. Congressional Republicans want to repeal these policies, giving a $159 billion handout to Big Pharma, raising costs for seniors, and driving up the Federal debt.

Enrich Multi-Billion Dollar Corporations: In 2020, 55 of the largest, most profitable corporations paid $0 in taxes. The President signed into law legislation to level the playing field for companies and small businesses that are already paying their fair share in taxes. Under his corporate minimum tax, the largest, most profitable corporations—those with over $1 billion in profits—have to pay a 15% minimum tax on the profits they report to their shareholders. But House Republicans—through their Inflation Reduction Act repeal bill and other statements—have made clear that they want to enrich large corporations that don’t pay their fair share. That would add $222 billion to the debt.

Increase the Tax Subsidy for Stock Buybacks: President Biden signed into law a surcharge on corporate stock buybacks, which reduces the differential tax treatment between buybacks and dividends and encourages businesses to invest in their growth and productivity as opposed to paying out corporate executives or funneling tax-preferred profits to foreign shareholders. The President in his State of the Union address proposed quadrupling the stock buybacks tax to 4% to address the continued tax advantage for buybacks and encourage long-term investment over giveaways to executives. House Republicans instead want to repeal the stock buybacks tax and let corporations continue to funnel tax-preferred profits to shareholders instead of investing in productivity and the broader economy. That would add $74 billion to the Federal debt.

Extend President Trump’s Unpaid-for Tax Giveaway to the Wealthy and Large Corporations: President Trump and Congressional Republicans deliberately sunset portions of their tax giveaway to the wealthy and large corporations. They did this to conceal how much their plan added to the debt as well as how large the tax breaks were for multi-millionaires and large corporations. Now, House RepublicanLeadership has made clear that extending President Trump’s tax giveaway to the wealthy and large corporations is one of their top priorities. An analysis by the Tax Policy Center found that doing so would mean an average tax cut of $175,000 for the top 0.1%—Americans making more than $4 million per year. That average tax cut is more than 2.5 times a typical family’s annual income. Meanwhile, extending the expiring Trump tax cuts would add $2.7 trillion to the Federal debt over 10 years.

The President supports a fiscally responsible approach to continuing current tax policies for people making less than $400,000 per year, and opposes any tax increase for this group. Meanwhile, Congressional Republicans—including the more than three quarters of them who are signatories to Grover Norquist’s tax pledge—have made clear they will oppose paying for middle-class tax cuts by raising taxes on the wealthy and large corporations.

Even Without a Budget, Congressional Republicans Are Already Showing Who Will Pay the Price

The proposals Congressional Republicans have put forward show that, even as they commit to massive tax cuts for the wealthy and large corporations, they are more than ready to raise taxes on middle-class and working families. The House Republican IRA repeal bill would cut premium tax credits that are helping an estimated 14.5 million people pay for health insurance. And the House Budget Committee last week doubled down on eliminating Affordable Care Act premium tax credits for middle-income people with high health insurance premiums: a tax increase of $7,600 per year for a typical 62-year old earning $55,000.

It's all on the President's website. Got a problem with his agenda? Want to defend what the Republicans want to do? Then you are the party for the rich.

 

[pyetro]

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes (Published 2023)

The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

www.nytimes.com

Much of Biden’s budget hinges on trillions of dollars worth of proposed tax increases targeting the wealthiest Americans and major corporations.

The proposals include a so-called “billionaire” minimum tax aimed at imposing a tax of at least 25 percent on total income for Americans whose wealth exceeds $100 million, and raising the corporate tax rate from 21 percent to 28 percent. Biden also called for quadrupling the stock buybacks tax and upping the tax rate on U.S. multinationals’ foreign earnings.

The pattern continues. Conservatives never say what income group would get the tax hike. They just feel embarrassed to say who.
I dare you.
You will either ignore me completely or talk about Hunter Biden's dick or something.

 

[B. Kidd]

• The first bill passed by the new Republican House majority increased the debt by $114 billion by allowing wealthy people and corporations to continue to cheat on their taxes.
• Congressional Republicans proposed repealing—and are even running ads attacking—reforms President Biden signed to lower prescription drug costs. Repealing these policies would increase the amount of money Medicare pays Big Pharma, raise costs for seniors, and add $159 billion to the debt.
• House Republicans have advocated and proposed repealing tax increases on large corporations that President Biden has signed into law, adding $296 billion to the debt.
• House Republican leaders have also committed to extend the expiring Trump tax cuts, a $2.7 trillion debt increase that would give the top 0.1% (with incomes over $4 million per year) a $175,000 annual tax cut, over 2.5 times a typical family’s annual income.

That trickle-down economic theory has never worked. President Trump and President Bush’s tax cuts added trillions to the debt and failed to deliver their promised benefits for the economy or American workers. And taking revenues—and even savings from cutting corporate subsidies—off the table means Congressional Republicans consistently propose deep cuts to programs seniors and middle-class and working families count on.

That’s why the American people deserve to see Congressional Republicans’ full and detailed budget plan and compare it with the President’s Budget plan to invest in America, bring down costs for families, protect and strengthen Social Security and Medicare, and reduce the deficit.

Congressional Republicans’ Commitment to Debt Increases

The Tax Cheats Protection Act: House Republicans’ first bill in the new Congress would add $114 billion to the Federal debt by repealing President Biden’s legislation that cracks down on wealthy tax cheats. While working people pay 99% of taxes on their income from wages and salaries, the top 1% hides about 20% of their income from tax, including by funneling it through offshore accounts and tax havens that do not report earnings. President Biden passed a law to make our tax system fairer by cracking down on wealthy tax cheats, while protecting middle-class taxpayers and small businesses and improving taxpayer service. But 221 House Republicans voted to enable tax fraud by wealthy Americans and large corporations.

Increase Spending With a Handout to Big Pharma: House Republicans have introduced a bill to repeal the entire Inflation Reduction Act (IRA), including the reforms President Biden signed into law to lower prescription drug costs. Congressional Republicans and Big Pharma have launched a concertedattack on the IRA’s prescription drug reforms, advocating to increase both Federal spending and seniors’ costs to increase Big Pharma’s profits. Thanks to the new prescription drug law, Medicare will finally be able to negotiate drug prices, and drug companies will pay rebates to Medicare if they try to hike their prices faster than the rate of inflation. Congressional Republicans want to repeal these policies, giving a $159 billion handout to Big Pharma, raising costs for seniors, and driving up the Federal debt.

Enrich Multi-Billion Dollar Corporations: In 2020, 55 of the largest, most profitable corporations paid $0 in taxes. The President signed into law legislation to level the playing field for companies and small businesses that are already paying their fair share in taxes. Under his corporate minimum tax, the largest, most profitable corporations—those with over $1 billion in profits—have to pay a 15% minimum tax on the profits they report to their shareholders. But House Republicans—through their Inflation Reduction Act repeal bill and other statements—have made clear that they want to enrich large corporations that don’t pay their fair share. That would add $222 billion to the debt.

Increase the Tax Subsidy for Stock Buybacks: President Biden signed into law a surcharge on corporate stock buybacks, which reduces the differential tax treatment between buybacks and dividends and encourages businesses to invest in their growth and productivity as opposed to paying out corporate executives or funneling tax-preferred profits to foreign shareholders. The President in his State of the Union address proposed quadrupling the stock buybacks tax to 4% to address the continued tax advantage for buybacks and encourage long-term investment over giveaways to executives. House Republicans instead want to repeal the stock buybacks tax and let corporations continue to funnel tax-preferred profits to shareholders instead of investing in productivity and the broader economy. That would add $74 billion to the Federal debt.

Extend President Trump’s Unpaid-for Tax Giveaway to the Wealthy and Large Corporations: President Trump and Congressional Republicans deliberately sunset portions of their tax giveaway to the wealthy and large corporations. They did this to conceal how much their plan added to the debt as well as how large the tax breaks were for multi-millionaires and large corporations. Now, House RepublicanLeadership has made clear that extending President Trump’s tax giveaway to the wealthy and large corporations is one of their top priorities. An analysis by the Tax Policy Center found that doing so would mean an average tax cut of $175,000 for the top 0.1%—Americans making more than $4 million per year. That average tax cut is more than 2.5 times a typical family’s annual income. Meanwhile, extending the expiring Trump tax cuts would add $2.7 trillion to the Federal debt over 10 years.

The President supports a fiscally responsible approach to continuing current tax policies for people making less than $400,000 per year, and opposes any tax increase for this group. Meanwhile, Congressional Republicans—including the more than three quarters of them who are signatories to Grover Norquist’s tax pledge—have made clear they will oppose paying for middle-class tax cuts by raising taxes on the wealthy and large corporations.

Even Without a Budget, Congressional Republicans Are Already Showing Who Will Pay the Price

The proposals Congressional Republicans have put forward show that, even as they commit to massive tax cuts for the wealthy and large corporations, they are more than ready to raise taxes on middle-class and working families. The House Republican IRA repeal bill would cut premium tax credits that are helping an estimated 14.5 million people pay for health insurance. And the House Budget Committee last week doubled down on eliminating Affordable Care Act premium tax credits for middle-income people with high health insurance premiums: a tax increase of $7,600 per year for a typical 62-year old earning $55,000.

It's all on the President's website. Got a problem with his agenda? Want to defend what the Republicans want to do? Then you are the party for the rich.

Word salad 'war and peace' post!!


Way too long for most to read so doesn't pass the smell test except for this one......

 

[Jessica-stormlover]

I think we need to boost food stamps back to where it was last year and add a lot more housing funding. This is the moral thing to do.

Pass the damn budget!

 

[B. Kidd]

I think we need to boost food stamps back to where it was last year and add a lot more housing funding. This is the moral thing to do.

Pass the damn budget!

You're a real paver on the road to perdition!
Give takers moar that never make, and suck the maker's dry like a real Commie vampire.
Totally, un-American!!

 

[BluesLegend]

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

That's only $20k for every man, woman and child in the country, every 12 months.

 

[Jessica-stormlover]

That's only $20k for every man, woman and child in the country, every 12 months.

It cost a lot of money to be the best! If you want to continue leading the world in infrastructure, science, r&d, education and so much more it is going to cost. Of course, people like you have no clue about anything. America is the most powerful country on this planet inspite of your kind.

 

[struth]

Biden will go down as the next FDR. The new NEW DEAL president.

Fuck Clinton and Obama. Biden has been the most middle class President since Carter.

Only Biden is effective. Carter wasn't as effective as Biden.

You can't govern if you don't believe in government.

destroying rhe middle class. xiden’s been at war with the working xlass…american are poorer now because of xiden

 

[initforme]

When the wealthy get ahead the middle class takes a step back.

 

[BluesLegend]

It cost a lot of money to be the best! If you want to continue leading the world in infrastructure, science, r&d, education and so much more it is going to cost. Of course, people like you have no clue about anything. America is the most powerful country on this planet inspite of your kind.

Hey dumb ass math fail, a family of 4 will have to earn $80k a year just to pay for Biden's pipe dream.

 

[Billiejeens]

Biden will go down as the next FDR. The new NEW DEAL president.

Fuck Clinton and Obama. Biden has been the most middle class President since Carter.

Only Biden is effective. Carter wasn't as effective as Biden.

You can't govern if you don't believe in government.

Prolly

FDR was a fucking disaster.