That didn’t take long.
President Joe Biden is planning the first major tax hike in 30 years. What is a Democrat’s answer to a struggling economy, low wages and business trying to get back on their feet? Tax them.
And spare me the “it’s only the rich people getting taxed” garbage. Those rich people own businesses that employ me and you. They set the prices for the goods we need. They are part of the supply chain and it’s absurd to think that you can tax them and it not hit the rest of the economy like some magic sponge exists to absorb the losses Biden is about to put on the top producers in the economy.
President Joe Biden is considering a tax hike to underwrite the economic program launched by the approval of his $1.9 trillion pandemic stimulus package, a Monday report by Bloomberg claims. The tax jump will be the first major lift in federal taxes in almost 30 years if successful.
“That’s why I’m going to eliminate the Trump tax cuts,” Biden said during the presidential debates. “I’m going to eliminate those tax cuts.”
The Democrats have tried somewhat successfully to convince the American people that tax cuts for the rich only benefit the rich. It’s time we all wake up.
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