Gage Skidmore from Surprise, AZ, United States of America via Wikimedia Commons

President Joe Biden is set to do what for most politicians is usually the unthinkable: significantly raise taxes on Americans.

Biden is reportedly planning on attempting to increase the corporate tax rate from 21 to 28 percent, and on those making more than $400,000/year as well as on increasing the so-called ‘death tax’ (estate tax).


As The Hill reports:

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.

Unidentified sources told Bloomberg that the increases will reflect the promises Biden made during his 2020 campaign.

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…

Biden had said during his campaign that he would repeal Trump’s tax cuts on “day one” of his administration, though he has yet to do so.

It seems that Biden is wasting little time in imposing a radical left-wing agenda on Americans, right after he spent all of 2020 attempting to appear as moderate as possible.

 



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Marlene
Marlene
1 year ago

BS. The demoscum who are really in charge are preparing to dump Biden, he will be the scapegoat, and Harris will appear like a moderate. That is until Pelosi impeachs her and takes over the White House. That’s why all the soldiers are in the capital.

Jack Spring
Jack Spring
1 year ago
Reply to  Marlene

Hopefully, the military will remember that they took an oath to protect and defend the constitution, not shithead politicians.

Dan Tyree
Dan Tyree
1 year ago
Reply to  Jack Spring

No way. Our military are at the beck and call of the shithead politicians

Real Louis
Real Louis
1 year ago
Reply to  Dan Tyree

amazing, under a year back I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone, Here is what I do. Follow details on this web page……..>JOINWEB9.com

Dinkus
Dinkus
1 year ago
Reply to  Dan Tyree

Got a BLM man in charge.

George Lukens
George Lukens
1 year ago
Reply to  Marlene

That’s not enough soldiers. Also, do you think they will protect the horrible people that are running our country?

Michael
Michael
1 year ago
Reply to  Marlene

I know you can really see whats coming. biden will NEVER finish his term, next up harris, pelosi.

Bill R
Bill R
1 year ago
Reply to  Michael

What makes you think it’s not already Harris and Pelosi?

Dan Tyree
Dan Tyree
1 year ago
Reply to  Michael

If retard joe leaves token Harris will choose a vp. Nancy can’t take the White House unless both of them are gone. But don’t rule anything out.

Gitmo
Gitmo
1 year ago

Biden was a idiot before and hes 10 times worse without his Brains today! A trained Soros puppet working under Obama’s failed policies! There all useless! He needs removed before he does anymore damage to America and Kumula is no better! Another brainless puppet! To annoying to listen too! Voted in by idiots and given a free ride off of tax payers!! How stupid can people be! This is the trash you get cheating elections!

Wahya
Wahya
1 year ago
Reply to  Gitmo

Hw wasn’t voted in. They cheated us Americans! They got rid of all Trump battles, All the ballots in all the states were Biden. They threw away the Trumo votes. They are all nothing but lies, cheat us out of money and then they will make sure we are never a country of good we will no longer know what freedom is!

Dan Tyree
Dan Tyree
1 year ago
Reply to  Wahya

We know that but crooked judges were either bribed or threatened

grin n bear it
grin n bear it
1 year ago
Reply to  Gitmo

The IDIOTS who voted for them are Brainless,
open BhO sealed Records and you solve many of our Problems.
Soros should have been kicked out long ago.
If the Americans only knew their Constitution.

George Lukens
George Lukens
1 year ago
Reply to  grin n bear it

There were about 15 million ghost votes. He didn’t win. He cheated. I don’t know about you but I despise cheaters.

Roz Adenbaum
Roz Adenbaum
1 year ago
Reply to  Gitmo

amen

Mickey Alan
Mickey Alan
1 year ago

what part of this is a surprise