Joe Biden is reportedly 'planning first major tax hike in almost 30 years'

[Mac-7]

If you want to be "fiscally responsible", make spending cuts FIRST, BEFORE cutting taxes.

Or make spending cuts equal to tax increases

raising taxes while your party continues to raise spending is useless and wrong

 

[Rambunctious]

Well it will be fun to watch NFL and NBA players get raped by Joe....and when Joe takes away employer provided health insurance and all of those media talking heads have to go onto ObamaObiden care it will be a hoot.....

Dude, just stop with the penis envy.

No envy....just like watching libs lose their minds when they are told to cough up more tax dollars to pay for Biden's illegal kids.....and China's plague.....can't wait....I'm retired so I'm out of reach....so far....

 

[22lcidw]

View attachment 467956
'Hold onto your wallets'! Hope you enjoyed
your economic stimulus, because Joe Biden
is reportedly 'planning first major tax hike in
almost 30 years'



President Biden is reportedly planning the first major hike in federal taxes in almost 30 years to fund the economic program set to follow the recently approved $1.9 trillion pandemic stimulus package.

The planned increases reportedly include: raising the corporate tax from 21 percent to 28 percent; increasing the income tax rate on people making more than $400,000; expanding the estate tax; paring back tax preferences on pass-through businesses such as limited-liability companies; and setting up a higher capital gains tax rate for individuals making at least $1 million.


PUBLIC FEEDBACK WAS SWIFT TO THE NEWS OF BIDEN'S PLAN:

“After we allow you to open your business back up, we’re gonna raise not only your wages, but your corporate tax rate to pay for a bill that sent billions of your dollars to the teachers unions that they donate back to my campaign.”


"But at least we got stimulus checks!
- And just like that, Joe Biden undoes any benefit that might have come from a stimulus check. "

"Taxing those who have the financial resources to reinvest in struggling businesses and help spur economic growth post-pandemic makes no sense."


The Democrats put more than 50% of minority-owned small businesses out of business ... put millions of Americans out of work, back on unemployment, back on welfare, and back on food stamps...put tens of thousands of Americans out of work in his 1st 10 days by declaring 'war' on the fossil fuel industry....the militant arm of he Democratic party (Antifa) is still burning, pillaging, and destroying businesses and Democrat-run communities all over the US.....class warfare is a Democrat 'specialty', and the Democrats' disdain for the middle and lower class 'deplorables' and 'Neanderthals' has been on full display since the self-appointed rulers took office.

After bribing the American people with $1400 each in a $1.9 Trillion 'COVID-19 Relief' deficit bomb - 90% of which had nothing to do with COVID-19, Biden plans on sticking Americans with a huge Tax Increase....just what a country still in the midst of a pandemic, Democrats-mandated, travel-restricted, Clue-State oppressed / locked-down, forced unemployment, massive debt-increased, illegal immigrant invasion, humanitarian border crisis burdened economy needs!

I for one am thankful that the Democrats are so adamant about refusing to work with the GOP and insist in doing all of this by themselves ... while attempting to blame President Trump for every failure / problem resulting from what they have done and continue to do.

'Hold onto your wallets'! Hope you enjoyed your economic stimulus, because Joe Biden is reportedly 'planning first major tax hike in almost 30 years'

"We're all going to literally be paying for removing the guy who tweeted mean things."

twitchy.com

So the corporate rate is going back to where it was a few years ago and those making over $400k will also pay more?? And is that supposed to concern the vast majority of people whom that doesn’t effect?!

So any corporate concerns that may have moved back here, will move out . If you got any ideas to get all of those manufacturing jobs back bring them up.

 

[Slade3200]

Do you really think the lib/dems are going to come close to paying off the debt? They're going to spend gobs of money on their progressive GND goals and raise the debt in Biden's 1st year by considerably more than Trump did in his 1st 3 years. Fiscal conservatives at this point would be happy just to restrain gov't spending to a 3% increase, year over year. Alas, that ain't going to happen, we don't have anywhere near enough fiscal conservatives in DC these days, but at least the GOP isn't spending money like a drunken sailor the way the democrats are.

Do you have a better plan? ... Trump increased the national debt by $9 trillion in his final year ... way to go ... great example ... $9 trillion in a single year ... moron ...

You lied. Trump's final year was 2020, where the debt was only increased by $3.1 trillion. Biden has already surpassed that, and it's only March .... lying bitch ...

2021 is still under trumps last passed budget smart guy. Just like Trumps first year was under Obama’s

 

[Slade3200]

View attachment 467956
'Hold onto your wallets'! Hope you enjoyed
your economic stimulus, because Joe Biden
is reportedly 'planning first major tax hike in
almost 30 years'



President Biden is reportedly planning the first major hike in federal taxes in almost 30 years to fund the economic program set to follow the recently approved $1.9 trillion pandemic stimulus package.

The planned increases reportedly include: raising the corporate tax from 21 percent to 28 percent; increasing the income tax rate on people making more than $400,000; expanding the estate tax; paring back tax preferences on pass-through businesses such as limited-liability companies; and setting up a higher capital gains tax rate for individuals making at least $1 million.


PUBLIC FEEDBACK WAS SWIFT TO THE NEWS OF BIDEN'S PLAN:

“After we allow you to open your business back up, we’re gonna raise not only your wages, but your corporate tax rate to pay for a bill that sent billions of your dollars to the teachers unions that they donate back to my campaign.”


"But at least we got stimulus checks!
- And just like that, Joe Biden undoes any benefit that might have come from a stimulus check. "

"Taxing those who have the financial resources to reinvest in struggling businesses and help spur economic growth post-pandemic makes no sense."


The Democrats put more than 50% of minority-owned small businesses out of business ... put millions of Americans out of work, back on unemployment, back on welfare, and back on food stamps...put tens of thousands of Americans out of work in his 1st 10 days by declaring 'war' on the fossil fuel industry....the militant arm of he Democratic party (Antifa) is still burning, pillaging, and destroying businesses and Democrat-run communities all over the US.....class warfare is a Democrat 'specialty', and the Democrats' disdain for the middle and lower class 'deplorables' and 'Neanderthals' has been on full display since the self-appointed rulers took office.

After bribing the American people with $1400 each in a $1.9 Trillion 'COVID-19 Relief' deficit bomb - 90% of which had nothing to do with COVID-19, Biden plans on sticking Americans with a huge Tax Increase....just what a country still in the midst of a pandemic, Democrats-mandated, travel-restricted, Clue-State oppressed / locked-down, forced unemployment, massive debt-increased, illegal immigrant invasion, humanitarian border crisis burdened economy needs!

I for one am thankful that the Democrats are so adamant about refusing to work with the GOP and insist in doing all of this by themselves ... while attempting to blame President Trump for every failure / problem resulting from what they have done and continue to do.

'Hold onto your wallets'! Hope you enjoyed your economic stimulus, because Joe Biden is reportedly 'planning first major tax hike in almost 30 years'

"We're all going to literally be paying for removing the guy who tweeted mean things."

twitchy.com

So the corporate rate is going back to where it was a few years ago and those making over $400k will also pay more?? And is that supposed to concern the vast majority of people whom that doesn’t effect?!

So any corporate concerns that may have moved back here, will move out . If you got any ideas to get all of those manufacturing jobs back bring them up.

Can you give some examples of corporate manufacturing companies that you think moved back here because of the tax cut that you think will now leave because of it?

 

[Mac-7]

Can you give some examples of corporate manufacturing companies that you think moved back here because of the tax cut that you think will now leave because of it?

That would be irresponsible based on trump being in office for only 4 years

if the election had not been stolen the handwriting on the wall in corporate board rooms would have been more optimistic

 

[task0778]

The GOP is in no position to lecture anyone on fiscal responsibility.

If you want to be "fiscally responsible", make spending cuts FIRST, BEFORE cutting taxes.

All you do now is borrow and spend.

True enough. But the democrats want to borrow and spend a helluva lot more than Trump/GOP ever did. And I guarantee that the Biden and democrats will vastly over-estimate the increase in revenue that the proposed Biden tax hike will bring in. And it will not include any estimate of jobs not created and expected tax revenue those jobs might have provided if this tax hike goes through as I expect it will through reconciliation.

 

[Slade3200]

Can you give some examples of corporate manufacturing companies that you think moved back here because of the tax cut that you think will now leave because of it?

That would be irresponsible based solely on trump being in office for only 4 years

if the election had not been stolen the handwriting on the wall in corporate board rooms would have been more optimistic

Well the election was not stolen, trump just got smoked by a geriatric because he was that bad. But yes I agree the corporations would have very much preferred Trump over Biden. That’s obvious

 

[Rye Catcher]

Do conservatives have a better idea on how to pay off the $30 trillion national debt? ... that's $600 billion in interest every year ...

Employer expense to provide jobs is already tax-deductible ... these added taxes are only against the added profits ... maybe folks should go back and finish Middle School ... geez ... morons ...

I didn't pay one red cent in Federal Taxes last year ... zero, zilch, nadda ... how much did you pay and why do you think that's fair? ...

AGREE ^^^. I infer you own a small business, or are an employee who was furloughed?

 

[mudwhistle]

Do conservatives have a better idea on how to pay off the $30 trillion national debt? ... that's $600 billion in interest every year ...

Employer expense to provide jobs is already tax-deductible ... these added taxes are only against the added profits ... maybe folks should go back and finish Middle School ... geez ... morons ...

I didn't pay one red cent in Federal Taxes last year ... zero, zilch, nadda ... how much did you pay and why do you think that's fair? ...

Best way I know to pay it off is take it out of Congress's ass.
They're stealing from us. Raping the Social Security fund which belongs to us.....

 

[Rye Catcher]

Do conservatives have a better idea on how to pay off the $30 trillion national debt? ... that's $600 billion in interest every year ...

Do you really think the lib/dems are going to come close to paying off the debt? They're going to spend gobs of money on their progressive GND goals and raise the debt in Biden's 1st year by considerably more than Trump did in his 1st 3 years. Fiscal conservatives at this point would be happy just to restrain gov't spending to a 3% increase, year over year. Alas, that ain't going to happen, we don't have anywhere near enough fiscal conservatives in DC these days, but at least the GOP isn't spending money like a drunken sailor the way the democrats are.

The debt will never be paid off. However a tax raise on those who received the largess of the last tax bill is fiscally responsible, as is funding small business, preventing another housing crisis and extending Unemployment Insurance. These are to prevent another great recession or even a depression. The GOP Pols and their fellow travelers need to stop the BIG LIES and join the Democrats in rebuilding our nation's electric grid, roads, bridges and public transportation, including the railroads.

 

[Flash]

Do you really think the lib/dems are going to come close to paying off the debt? They're going to spend gobs of money on their progressive GND goals and raise the debt in Biden's 1st year by considerably more than Trump did in his 1st 3 years. Fiscal conservatives at this point would be happy just to restrain gov't spending to a 3% increase, year over year. Alas, that ain't going to happen, we don't have anywhere near enough fiscal conservatives in DC these days, but at least the GOP isn't spending money like a drunken sailor the way the democrats are.

Do you have a better plan? ... Trump increased the national debt by $9 trillion in his final year ... way to go ... great example ... $9 trillion in a single year ... moron ...

You lied. Trump's final year was 2020, where the debt was only increased by $3.1 trillion. Biden has already surpassed that, and it's only March .... lying bitch ...

2021 is still under trumps last passed budget smart guy. Just like Trumps first year was under Obama’s

You stupid confused Moon Bat.

All we ever hear out of you lying libtard assholes is blaming every Democrat failure on somebody else and always taking credit for anything somebody else does.

The economy that China Joe inherited came straight from Wuhan China.

You know about China, Don't you?

They are the ones that paid off Hunter Biden's cocaine dealer and a little kickback to the Big Guy with that sweet little billion dollar investment.

 

[Slade3200]

Do you really think the lib/dems are going to come close to paying off the debt? They're going to spend gobs of money on their progressive GND goals and raise the debt in Biden's 1st year by considerably more than Trump did in his 1st 3 years. Fiscal conservatives at this point would be happy just to restrain gov't spending to a 3% increase, year over year. Alas, that ain't going to happen, we don't have anywhere near enough fiscal conservatives in DC these days, but at least the GOP isn't spending money like a drunken sailor the way the democrats are.

Do you have a better plan? ... Trump increased the national debt by $9 trillion in his final year ... way to go ... great example ... $9 trillion in a single year ... moron ...

You lied. Trump's final year was 2020, where the debt was only increased by $3.1 trillion. Biden has already surpassed that, and it's only March .... lying bitch ...

2021 is still under trumps last passed budget smart guy. Just like Trumps first year was under Obama’s

You stupid confused Moon Bat.

All we ever hear out of you lying libtard assholes is blaming every Democrat failure on somebody else and always taking credit for anything somebody else does.

The economy that China Joe inherited came straight from Wuhan China.

You know about China, Don't you?

They are the ones that paid off Hunter Biden's cocaine dealer and a little kickback to the Big Guy with that sweet little billion dollar investment.

Haha, I don’t think I have the patience to talk retard today. Don’t you get tired of spouting such bullshit all the time?

 

[WTF19]

Can you give some examples of corporate manufacturing companies that you think moved back here because of the tax cut that you think will now leave because of it?

That would be irresponsible based solely on trump being in office for only 4 years

if the election had not been stolen the handwriting on the wall in corporate board rooms would have been more optimistic

Well the election was not stolen, trump just got smoked by a geriatric because he was that bad. But yes I agree the corporations would have very much preferred Trump over Biden. That’s obvious

Well the election was stolen, trump just got smoked by fraudulant voting machine company called dominion

 

[WTF19]

Do you really think the lib/dems are going to come close to paying off the debt? They're going to spend gobs of money on their progressive GND goals and raise the debt in Biden's 1st year by considerably more than Trump did in his 1st 3 years. Fiscal conservatives at this point would be happy just to restrain gov't spending to a 3% increase, year over year. Alas, that ain't going to happen, we don't have anywhere near enough fiscal conservatives in DC these days, but at least the GOP isn't spending money like a drunken sailor the way the democrats are.

Do you have a better plan? ... Trump increased the national debt by $9 trillion in his final year ... way to go ... great example ... $9 trillion in a single year ... moron ...

You lied. Trump's final year was 2020, where the debt was only increased by $3.1 trillion. Biden has already surpassed that, and it's only March .... lying bitch ...

2021 is still under trumps last passed budget smart guy. Just like Trumps first year was under Obama’s

You stupid confused Moon Bat.

All we ever hear out of you lying libtard assholes is blaming every Democrat failure on somebody else and always taking credit for anything somebody else does.

The economy that China Joe inherited came straight from Wuhan China.

You know about China, Don't you?

They are the ones that paid off Hunter Biden's cocaine dealer and a little kickback to the Big Guy with that sweet little billion dollar investment.

Haha, I don’t think I have the patience to talk retard today. Don’t you get tired of spouting such bullshit all the time?

do you?

 

[Flash]

Do you really think the lib/dems are going to come close to paying off the debt? They're going to spend gobs of money on their progressive GND goals and raise the debt in Biden's 1st year by considerably more than Trump did in his 1st 3 years. Fiscal conservatives at this point would be happy just to restrain gov't spending to a 3% increase, year over year. Alas, that ain't going to happen, we don't have anywhere near enough fiscal conservatives in DC these days, but at least the GOP isn't spending money like a drunken sailor the way the democrats are.

Do you have a better plan? ... Trump increased the national debt by $9 trillion in his final year ... way to go ... great example ... $9 trillion in a single year ... moron ...

You lied. Trump's final year was 2020, where the debt was only increased by $3.1 trillion. Biden has already surpassed that, and it's only March .... lying bitch ...

2021 is still under trumps last passed budget smart guy. Just like Trumps first year was under Obama’s

You stupid confused Moon Bat.

All we ever hear out of you lying libtard assholes is blaming every Democrat failure on somebody else and always taking credit for anything somebody else does.

The economy that China Joe inherited came straight from Wuhan China.

You know about China, Don't you?

They are the ones that paid off Hunter Biden's cocaine dealer and a little kickback to the Big Guy with that sweet little billion dollar investment.

Haha, I don’t think I have the patience to talk retard today. Don’t you get tired of spouting such bullshit all the time?

I get tired of listening to this Moon Bat nonsense that you stupid uneducated Libtards spout everyday.

A tax increase will be a disaster for this economy recovering from the Wuhan pandemic.

Only an idiot like President Dufus would be thinking of such a stupid thing.

In a Democrat administration increased taxes always means more worthless spending.

Like when that idiot Obama was President he increased taxes and poverty increased, family income decreased, debt soared with nothing to show for it, welfare incresed and we had dismal economic growth.

 

[Rye Catcher]

View attachment 467956
'Hold onto your wallets'! Hope you enjoyed
your economic stimulus, because Joe Biden
is reportedly 'planning first major tax hike in
almost 30 years'



President Biden is reportedly planning the first major hike in federal taxes in almost 30 years to fund the economic program set to follow the recently approved $1.9 trillion pandemic stimulus package.

The planned increases reportedly include: raising the corporate tax from 21 percent to 28 percent; increasing the income tax rate on people making more than $400,000; expanding the estate tax; paring back tax preferences on pass-through businesses such as limited-liability companies; and setting up a higher capital gains tax rate for individuals making at least $1 million.


PUBLIC FEEDBACK WAS SWIFT TO THE NEWS OF BIDEN'S PLAN:

“After we allow you to open your business back up, we’re gonna raise not only your wages, but your corporate tax rate to pay for a bill that sent billions of your dollars to the teachers unions that they donate back to my campaign.”


"But at least we got stimulus checks!
- And just like that, Joe Biden undoes any benefit that might have come from a stimulus check. "

"Taxing those who have the financial resources to reinvest in struggling businesses and help spur economic growth post-pandemic makes no sense."


The Democrats put more than 50% of minority-owned small businesses out of business ... put millions of Americans out of work, back on unemployment, back on welfare, and back on food stamps...put tens of thousands of Americans out of work in his 1st 10 days by declaring 'war' on the fossil fuel industry....the militant arm of he Democratic party (Antifa) is still burning, pillaging, and destroying businesses and Democrat-run communities all over the US.....class warfare is a Democrat 'specialty', and the Democrats' disdain for the middle and lower class 'deplorables' and 'Neanderthals' has been on full display since the self-appointed rulers took office.

After bribing the American people with $1400 each in a $1.9 Trillion 'COVID-19 Relief' deficit bomb - 90% of which had nothing to do with COVID-19, Biden plans on sticking Americans with a huge Tax Increase....just what a country still in the midst of a pandemic, Democrats-mandated, travel-restricted, Clue-State oppressed / locked-down, forced unemployment, massive debt-increased, illegal immigrant invasion, humanitarian border crisis burdened economy needs!

I for one am thankful that the Democrats are so adamant about refusing to work with the GOP and insist in doing all of this by themselves ... while attempting to blame President Trump for every failure / problem resulting from what they have done and continue to do.

'Hold onto your wallets'! Hope you enjoyed your economic stimulus, because Joe Biden is reportedly 'planning first major tax hike in almost 30 years'

"We're all going to literally be paying for removing the guy who tweeted mean things."

twitchy.com

So the corporate rate is going back to where it was a few years ago and those making over $400k will also pay more?? And is that supposed to concern the vast majority of people whom that doesn’t effect?!

So any corporate concerns that may have moved back here, will move out . If you got any ideas to get all of those manufacturing jobs back bring them up.

Ford is building the MustangE in Mexico, Tesla is building cars in Fremont, CA. The irony is the Mustang still receive a $7,500 tax credit along with BMW and a dozen more care built in Europe and Asia.

https://www.cars.com/articles/which-electric-cars-are-still-eligible-for-the-7500-federal-tax-credit-429824/

 

[AzogtheDefiler]

Yeah, on those making $400K or more per year. As he promised in his campaign.

No one has ever explained why $400k is the number.

 

[Concerned American]

View attachment 467956
'Hold onto your wallets'! Hope you enjoyed
your economic stimulus, because Joe Biden
is reportedly 'planning first major tax hike in
almost 30 years'



President Biden is reportedly planning the first major hike in federal taxes in almost 30 years to fund the economic program set to follow the recently approved $1.9 trillion pandemic stimulus package.

The planned increases reportedly include: raising the corporate tax from 21 percent to 28 percent; increasing the income tax rate on people making more than $400,000; expanding the estate tax; paring back tax preferences on pass-through businesses such as limited-liability companies; and setting up a higher capital gains tax rate for individuals making at least $1 million.


PUBLIC FEEDBACK WAS SWIFT TO THE NEWS OF BIDEN'S PLAN:

“After we allow you to open your business back up, we’re gonna raise not only your wages, but your corporate tax rate to pay for a bill that sent billions of your dollars to the teachers unions that they donate back to my campaign.”


"But at least we got stimulus checks!
- And just like that, Joe Biden undoes any benefit that might have come from a stimulus check. "

"Taxing those who have the financial resources to reinvest in struggling businesses and help spur economic growth post-pandemic makes no sense."


The Democrats put more than 50% of minority-owned small businesses out of business ... put millions of Americans out of work, back on unemployment, back on welfare, and back on food stamps...put tens of thousands of Americans out of work in his 1st 10 days by declaring 'war' on the fossil fuel industry....the militant arm of he Democratic party (Antifa) is still burning, pillaging, and destroying businesses and Democrat-run communities all over the US.....class warfare is a Democrat 'specialty', and the Democrats' disdain for the middle and lower class 'deplorables' and 'Neanderthals' has been on full display since the self-appointed rulers took office.

After bribing the American people with $1400 each in a $1.9 Trillion 'COVID-19 Relief' deficit bomb - 90% of which had nothing to do with COVID-19, Biden plans on sticking Americans with a huge Tax Increase....just what a country still in the midst of a pandemic, Democrats-mandated, travel-restricted, Clue-State oppressed / locked-down, forced unemployment, massive debt-increased, illegal immigrant invasion, humanitarian border crisis burdened economy needs!

I for one am thankful that the Democrats are so adamant about refusing to work with the GOP and insist in doing all of this by themselves ... while attempting to blame President Trump for every failure / problem resulting from what they have done and continue to do.

'Hold onto your wallets'! Hope you enjoyed your economic stimulus, because Joe Biden is reportedly 'planning first major tax hike in almost 30 years'

"We're all going to literally be paying for removing the guy who tweeted mean things."

twitchy.com

All of this is just part of the sell-off of America to China.

 

[Slade3200]

Do you really think the lib/dems are going to come close to paying off the debt? They're going to spend gobs of money on their progressive GND goals and raise the debt in Biden's 1st year by considerably more than Trump did in his 1st 3 years. Fiscal conservatives at this point would be happy just to restrain gov't spending to a 3% increase, year over year. Alas, that ain't going to happen, we don't have anywhere near enough fiscal conservatives in DC these days, but at least the GOP isn't spending money like a drunken sailor the way the democrats are.

Do you have a better plan? ... Trump increased the national debt by $9 trillion in his final year ... way to go ... great example ... $9 trillion in a single year ... moron ...

You lied. Trump's final year was 2020, where the debt was only increased by $3.1 trillion. Biden has already surpassed that, and it's only March .... lying bitch ...

2021 is still under trumps last passed budget smart guy. Just like Trumps first year was under Obama’s

You stupid confused Moon Bat.

All we ever hear out of you lying libtard assholes is blaming every Democrat failure on somebody else and always taking credit for anything somebody else does.

The economy that China Joe inherited came straight from Wuhan China.

You know about China, Don't you?

They are the ones that paid off Hunter Biden's cocaine dealer and a little kickback to the Big Guy with that sweet little billion dollar investment.

Haha, I don’t think I have the patience to talk retard today. Don’t you get tired of spouting such bullshit all the time?

do you?

I don’t often spout bullshit so I wouldn’t know