No, investing in the stock market is NOT investing in the economy. Biden is removing that silly tax reduction from the super-wealthy because all it did was to drive up the stock market, and nothing else. Read a bookSo again are you talking about the ordinary income tax, or corp taxes? Also, investing in the market....IS investing in our economy!According to Biden, only those making $400000+ will lose that ridiculous tax reduction that Trump gave them. The tax cuts were invested in the stock market and not in our economy. We will get higher prices because of trade wars,So you don't want to do anything with the ordinary income tax, you want to raise the corp tax rate? Because you seem to be talking about two different things. Trump's ordinary income tax cuts for all Americans, and then having companies pay taxes....Their companies pay it, not them if they are set up the way you think. Their companies make the big bucks and pay the big tax. They take a small salary and have plenty in the bank. Normal stuff.They'll just hide their wealth like they did before.Everybody making over $400000 will get an increase and the super-wealthy will lose that huge tax reduction that Trump gave them. It will be our grandchildrenYou just need to remember, that everything that you say "will aid the middle class, under class, and small buisness"... is going to come from those people. The middle class will have to pay higher taxes. The under class will have to pay higher taxes. Small business will have to pay higher taxes.I have mixed feelings. However, I believe in the covid part of it and anything that will aid the middle class, underclass, and small business. So yes.
Everyone that will benefit from this.... will also be harmed by it.
There is no free lunch. The bill has to be paid, and don't believe the mythology that "the rich will pay it"... no they won't. You will. Your kids will. Their kids will.
Not going to be the rich paying this bill. Never worked in all human history, and won't work today.
who will bear the brunt. The money for the covid is necessary no matter what.
Warren Buffet has a total salary of $100,000 a year. He's not going to pay it.
Mark Zuckerberg has a salary of $1. He's not going to pay it.
No one is.
Yeah, it will be your grand children that are going to pay half their income to fund this nonsense.
And no, it's not necessary. You are entitled to your opinion, that's fine. And we'll disagree.
But spare me this "the wealthy will lose their tax cut". The amount of money the rich paid, went up with the tax cut. It will go back down with the hike.
They are not going to pay it.
Just fyi, the companies won't pay it either....they simply will raise the price of their products or services, so the customers will pay it.
Expect higher cost for food, milk, bread, internet, cars, clothes, houses etc.....thanks for hurting the middle class
and that was a gimme. Companies simply do not raise prices because they may not be competitive. FYI
Yes, if you raise the corp tax rate, our businesses won't be able to be competitive with foreign businesses...I agree...further hurting the American economy.