It’s amazing to see how much Democrats hate the poor and middle class.
Right after passing the socialist “stimulus” that will inevitably raise taxes on working class Americans, Biden announces more planned tax increases.
In addition to the eventual inflation (maybe hyper-inflation), this is going to devastate middle class and lower-income American families.
Yet, “tax the rich” is still the mantra that Democrats love to shout.
Who actually believes the rich pay for Democrat tax increases anymore?
Well, liberals and brainwashed sheep.
Here’s the latest:
BLOOMBERG: Biden’s increased corporate tax rate will reduce the incomes of the middle class
“The burden of the increase will fall on workers in the form of lower wages”
— Breaking911 (@Breaking911) March 30, 2021
This week Biden is expected to unveil a $3.5 TRILLION dollar tax hike.
The middle class, without a doubt, is going to bear the burden of these job-killing tax increases.
I guess massive tax hikes are his version of promises made, promises kept.
— Lauren Boebert (@laurenboebert) March 30, 2021
Democrats have spent several years clamoring to raise taxes on corporations and the rich to combat widening economic inequality.
Now, under President Biden, they have a shot at ushering in the largest federal tax increase since 1942. https://t.co/52V3ayZkAN
— The New York Times (@nytimes) March 27, 2021
Under President Joe Biden, Democrats have a shot at ushering in the largest federal tax increase since 1942. https://t.co/fGZNVUI2pA
— Star Tribune (@StarTribune) March 27, 2021
NEW: The initial draft infrastructure proposal circulated at the White House called for $3T in spending & $1T in tax hikes, per 3 sources familiar
But this week, White House expected to push ~$4T in spending & as much as $3.5T in tax hikeshttps://t.co/eSUt55MX8B
— Jeff Stein (@JStein_WaPo) March 29, 2021
The mileage tax proposed by Transportation Secretary Pete Buttigieg is the most insidious and blatant attack on working-class Americans.
But I thought Biden promised that no one's taxes would increase if they made less than $400,000. https://t.co/jSekRfl1O9
— Tim Murtaugh (@TimMurtaugh) March 26, 2021
Wow, look how much Democrats hate poor people.
It’s truly astonishing that half this country eats up their garbage to see more money ripped from their pockets.
But it appears the amount of pushback on Buttigieg’s proposal has ended those Democrat dreams for now:
Buttigieg rules out plans to increase in the federal gas tax or charge drivers a fee based on miles driven to pay for the Biden administration’s $3 trillion infrastructure plan https://t.co/YZsqrbC2qK
— Bloomberg Politics (@bpolitics) March 29, 2021
Fake News Washington Post reported on the planned tax hikes:
The two-pronged package Biden will begin unveiling this week includes higher amounts of federal spending but also significantly more in new tax revenue — with possibly as much as $4 trillion in new spending and more than $3 trillion in tax increases, said the people, who spoke on the condition of anonymity to describe private dynamics. One person familiar with the matter said that the early infrastructure draft did not include every tax increase the White House was eventually considering including in its ultimate proposal, and that the administration believes the tax hikes can also advance its goal of reducing income inequality.
Still, the choice to increase the bill’s tax hikes in part because of its effects on the deficit reflects how concerns over the nation’s spending imbalance are shaping the White House’s internal policy debate. But it also sets up the administration for an enormous political challenge in convincing Congress to pass a package of tax increases on wealthy Americans and companies that together would represent the largest tax hike in generations.
The shift in strategy reveals just one of the many ways the White House has grappled with shaping Biden’s second major legislative effort, which the administration will kick off this week at an event in Pittsburgh.
Biden’s “Build Back Better” agenda is ambitious in scope, aiming to confront global climate change, rebuild the nation’s infrastructure, revive domestic manufacturing and transform U.S. child care, among other goals.
The path toward crafting the legislation has exposed the White House to crosscutting demands from key allies. This account is based on interviews with seven senior administration officials involved in the effort, as well as more than a dozen congressional officials, labor leaders, activists and economists involved in the crafting of the package.
One core tension is to what degree Democrats should emphasize investments in traditional physical infrastructure seen as more likely to garner GOP support — such as roads and bridges — rather than child care and other social spending that liberal economists increasingly have emphasized as critical to ensuring robust economic growth.
It is unclear to what extent Biden has the political capital to do both. Already, the administration has decided to trim its sails somewhat and is not expected to make a child anti-poverty initiative permanent or embrace a plan from Sen. Elizabeth Warren (D-Mass.) to devote as much as $500 billion to push mass transit away from fossil fuels.
“We know that Republicans and particularly blue-collar men really like the physical building kind of infrastructure and see that as leading to good paying jobs for men in particular. And women and the Democratic base really respond to what you might call softer infrastructure — child care; school; caregiving responsibilities — which have come home very vividly during covid,” said Celinda Lake, a Democratic pollster who advised Biden’s 2020 presidential campaign. “It’ll be a challenge, but they have a major opportunity here to do both in a way that both helps these constituencies and is majorly appealing to them as voters.”
Republicans have already begun to attack the White House for embracing large spending and tax plans — which would largely reverse former president Donald Trump’s 2017 tax cut — that reflect Democratic priorities with very narrow majorities in Congress.
Democrats always like to complain about trickle down economics to criticize tax cuts.
Well, I’m coining a new term.
This is nothing but “Trickle Down Taxes.”
Because you know the economic detriments of these tax hikes will impact the lowest-earning Americans.