Biden’s tax hikes will ‘significantly hurt’ businesses

Ordinary Guy

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Jul 16, 2021
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Rep. Kevin Brady, R-Texas, who assisted with Trump’s tax plan during his presidency, discussed how Biden’s tax hikes will impact the U.S. economy. He told FOX Business’ "Varney & Co." Thursday that the presidents spending plan will "significantly hurt" businesses.


FED WORRIED ABOUT INFLATION RISK AS IT FIRMED UP TAPERING PLAN

REP. KEVIN BRADY: We're seeing record revenues because we got the economy moving again, became the most competitive economy in the world. We saw small businesses investing, expanding, we saw jobs in manufacturing coming back from overseas, and so we saw record levels. What this says is that another myth that President Biden uses in much of the narrative he gives on taxes [is] false. This one got debunked. Tax revenues are not down. Corporations are hitting record revenues for the federal government.

The bottom line is Washington has all the money it needs. It just doesn't have all the money it wants in the Democrats’ view… I think we hike taxes trying to come out of pandemic, self-sabotage our competitiveness with foreign countries. You're going to see slower GDP growth. You're going to see flatter paychecks. You're going to see jobs moving overseas. The main street businesses [that] get hammered with about six different tax hikes in President Biden's bill is going to get hurt in a significant way.

Democrats always go after small businesses and the working class, we always get a weaker dollar with Democratic leaders-OG

 
Rep. Kevin Brady, R-Texas, who assisted with Trump’s tax plan during his presidency, discussed how Biden’s tax hikes will impact the U.S. economy. He told FOX Business’ "Varney & Co." Thursday that the presidents spending plan will "significantly hurt" businesses.


FED WORRIED ABOUT INFLATION RISK AS IT FIRMED UP TAPERING PLAN

REP. KEVIN BRADY: We're seeing record revenues because we got the economy moving again, became the most competitive economy in the world. We saw small businesses investing, expanding, we saw jobs in manufacturing coming back from overseas, and so we saw record levels. What this says is that another myth that President Biden uses in much of the narrative he gives on taxes [is] false. This one got debunked. Tax revenues are not down. Corporations are hitting record revenues for the federal government.

The bottom line is Washington has all the money it needs. It just doesn't have all the money it wants in the Democrats’ view… I think we hike taxes trying to come out of pandemic, self-sabotage our competitiveness with foreign countries. You're going to see slower GDP growth. You're going to see flatter paychecks. You're going to see jobs moving overseas. The main street businesses [that] get hammered with about six different tax hikes in President Biden's bill is going to get hurt in a significant way.

Democrats always go after small businesses and the working class, we always get a weaker dollar with Democratic leaders-OG

The plan is to get rid of the middle class. Those pesky people want the rights promised to them in the Constitution. Destroying small business is the quickest way to do it.
 
The plan is to get rid of the middle class. Those pesky people want the rights promised to them in the Constitution. Destroying small business is the quickest way to do it.

Small businesses offer quality and diverse products and services that huge corporations won't offer. Granted, large corporations are more competitive and generally have lower-priced goods and services, but they tend to be generic in nature and have less variety.

If anything, that should be an indication that this administration is going out of its way to cater to large global corporate interests, and actually cares very little about small businesses in America.
 
Rep. Kevin Brady, R-Texas, who assisted with Trump’s tax plan during his presidency, discussed how Biden’s tax hikes will impact the U.S. economy. He told FOX Business’ "Varney & Co." Thursday that the presidents spending plan will "significantly hurt" businesses.


FED WORRIED ABOUT INFLATION RISK AS IT FIRMED UP TAPERING PLAN

REP. KEVIN BRADY: We're seeing record revenues because we got the economy moving again, became the most competitive economy in the world. We saw small businesses investing, expanding, we saw jobs in manufacturing coming back from overseas, and so we saw record levels. What this says is that another myth that President Biden uses in much of the narrative he gives on taxes [is] false. This one got debunked. Tax revenues are not down. Corporations are hitting record revenues for the federal government.

The bottom line is Washington has all the money it needs. It just doesn't have all the money it wants in the Democrats’ view… I think we hike taxes trying to come out of pandemic, self-sabotage our competitiveness with foreign countries. You're going to see slower GDP growth. You're going to see flatter paychecks. You're going to see jobs moving overseas. The main street businesses [that] get hammered with about six different tax hikes in President Biden's bill is going to get hurt in a significant way.

Democrats always go after small businesses and the working class, we always get a weaker dollar with Democratic leaders-OG

trump cut Federal revenues by 8% when you gave those tax cuts to the super rich and their corporations. Those cuts were further compounded when the same corporations used tax loopholes to end up paying absolutely no taxes. With the costs of the pandemic wearing heavily on further federal tax dollars we end up with a deficit that's beyond belief. It's long overdue for the corporations in the super rich to start paying their fair share again. That's the bottom line and I agree with Biden.
 
The plan is to get rid of the middle class. Those pesky people want the rights promised to them in the Constitution. Destroying small business is the quickest way to do it.

If the middle class is so important to the economy , why would he want to destroy it? It's the same as you guys said gates wanted to repopulate the earth.
It makes no sense at all.

You're still paranoid about linking everything he does to denying constitutional rights. That's bullshit.
He's done nothing of the sort.
It's a very poor argument to appeal to emotions of others for support.
Get some facts.
 
trump cut Federal revenues by 8% when you gave those tax cuts to the super rich and their corporations. Those cuts were further compounded when the same corporations used tax loopholes to end up paying absolutely no taxes. With the costs of the pandemic wearing heavily on further federal tax dollars we end up with a deficit that's beyond belief. It's long overdue for the corporations in the super rich to start paying their fair share again. That's the bottom line and I agree with Biden.
But but but Trump
 
If the middle class is so important to the economy , why would he want to destroy it? It's the same as you guys said gates wanted to repopulate the earth.
It makes no sense at all.

You're still paranoid about linking everything he does to denying constitutional rights. That's bullshit.
He's done nothing of the sort.
It's a very poor argument to appeal to emotions of others for support.
Get some facts.
He certainly is not encouraging anything remotely American. Shut up and obey.
 
trump cut Federal revenues by 8% when you gave those tax cuts to the super rich and their corporations. Those cuts were further compounded when the same corporations used tax loopholes to end up paying absolutely no taxes. With the costs of the pandemic wearing heavily on further federal tax dollars we end up with a deficit that's beyond belief. It's long overdue for the corporations in the super rich to start paying their fair share again. That's the bottom line and I agree with Biden.
Sure. Been shopping lately? (snicker)
 
Rep. Kevin Brady, R-Texas, who assisted with Trump’s tax plan during his presidency, discussed how Biden’s tax hikes will impact the U.S. economy. He told FOX Business’ "Varney & Co." Thursday that the presidents spending plan will "significantly hurt" businesses.


FED WORRIED ABOUT INFLATION RISK AS IT FIRMED UP TAPERING PLAN

REP. KEVIN BRADY: We're seeing record revenues because we got the economy moving again, became the most competitive economy in the world. We saw small businesses investing, expanding, we saw jobs in manufacturing coming back from overseas, and so we saw record levels. What this says is that another myth that President Biden uses in much of the narrative he gives on taxes [is] false. This one got debunked. Tax revenues are not down. Corporations are hitting record revenues for the federal government.

The bottom line is Washington has all the money it needs. It just doesn't have all the money it wants in the Democrats’ view… I think we hike taxes trying to come out of pandemic, self-sabotage our competitiveness with foreign countries. You're going to see slower GDP growth. You're going to see flatter paychecks. You're going to see jobs moving overseas. The main street businesses [that] get hammered with about six different tax hikes in President Biden's bill is going to get hurt in a significant way.

Democrats always go after small businesses and the working class, we always get a weaker dollar with Democratic leaders-OG

Biden should be impeached... Period.... However I guess he insulated himself from that action when he appointed giggle bot Harris to the VP slot.

I say before the knuckle head Biden wholesale destroys this country, the giggle bot Harris might be better to deal with than a Mr.Corruption from hell.

Heck, giggle bot Harris might be giggling all the time because she can't believe how stupid we are for letting a knuckle head like Biden keep going without impeaching him.

I don't like either one of them, but sometimes ya just gotta choose the lesser of the two evils in order to try and ease the situation.

Hmmm, unless controlling Biden might be easier, but it doesn't look like that is going to be the case, because Biden's handler's ain't going to let that happen. They got an agenda to fulfill, and Biden is is the man ripe to fullfil it for them.
 
Biden should be impeached... Period.... However I guess he insulated himself from that action when he appointed giggle bot Harris to the VP slot.

I say before the knuckle head Biden wholesale destroys this country, the giggle bot Harris might be better to deal with than a Mr.Corruption from hell.

Heck, giggle bot Harris might be giggling all the time because she can't believe how stupid we are for letting a knuckle head like Biden keep going without impeaching him.

I don't like either one of them, but sometimes ya just gotta choose the lesser of the two evils in order to try and ease the situation.

Hmmm, unless controlling Biden might be easier, but it doesn't look like that is going to be the case, because Biden's handler's ain't going to let that happen. They got an agenda to fulfill, and Biden is is the man ripe to fullfil it for them.
' Harris might be better to deal with than a Mr.Corruption from hell'.
Republicans love corruption.
Reagan was their 'god' until the orange grifter came along.
Reagan is happy Trump will pass him as the most corrupt president in history.
 
The plan is to get rid of the middle class. Those pesky people want the rights promised to them in the Constitution. Destroying small business is the quickest way to do it.
Do you consider middle class as those who are making over 400,000.
 
Biden should be impeached... Period.... However I guess he insulated himself from that action when he appointed giggle bot Harris to the VP slot.

I say before the knuckle head Biden wholesale destroys this country, the giggle bot Harris might be better to deal with than a Mr.Corruption from hell.

Heck, giggle bot Harris might be giggling all the time because she can't believe how stupid we are for letting a knuckle head like Biden keep going without impeaching him.

I don't like either one of them, but sometimes ya just gotta choose the lesser of the two evils in order to try and ease the situation.

Hmmm, unless controlling Biden might be easier, but it doesn't look like that is going to be the case, because Biden's handler's ain't going to let that happen. They got an agenda to fulfill, and Biden is is the man ripe to fullfil it for them.
Why should Biden be impeached??
 
The plan is to get rid of the middle class. Those pesky people want the rights promised to them in the Constitution. Destroying small business is the quickest way to do it.
No it's not.

The middle class is the ATM for the fucking government.

WHy do you think the income tax raises as much revenue as it does? Because the middle class is where the money is and people in the middle class generally work for at least 45 years and then their IRAs and 401Ks get taxed to the max.
 

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