Add in some corporate tax changes and interest
, and the impact on the deficit swells to $4.6 trillion, according to the Congressional Budget Office.
(But..but..the student debt…and…and…school lunches…)
Biden has said that he would allow the income tax cuts for the rich to expire while protecting those who earn less than $400,000 annually from any tax hikes.
Plus, Biden has proposed raising the corporate tax rate to 28%, up from the 21% rate that the TCJA put in place permanently β
which, along with higher taxes on the wealthy,
would help pay for extending tax cuts for most other Americans.
While the convicted felon orange clown trumpy was very proud of his $2 trillion tax cut that overwhelmingly benefited the wealthy and biggest corporations and exploded the federal debt.
Now…since far right extremists republikans have nothing on hunter…their bs actually back fired π… their crap intent on dividing democrats attacking Biden…like if having a convicted felon for fraud and rape wonβt make them the worse option ever….
And yes…itβs about economics..itβs about keeping America economy alive instead of sending Americans to fight a war for their cartels overlords big oil barons predatory practices…..voting for Biden is the one thing we can do immediately…
See whatβs happening to Russians because of putin…and whoβs putin bitch?…π€
https://www.yahoo.com/finance/news/3-4-trillion-individual-tax-100016479.html
https://old.reddit.com/r/economy/comments/1dqyehc/more_than_34_trillion_in_individual_income_and/
by BikkaZz
5 comments
So we either will pay higher prices when Biden raises corporate tax rates, or higher prices when Trump adds tariffs to all China goods…
They arenβt desperate. Did you see Bidenβs performance last night? Republicans are feeling pretty good right now. The delusion that you must live with is pretty alarming.
Don’t believe the progressive liberals.
https://finance.yahoo.com/news/truth-trumps-tax-cuts-numbers-120026435.html
The rich are not desperate.
Why is taxing more the answer. We have a serious spending problem that needs fixing first.