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Will You Be Drowned By Biden’s
Coming Tidal Wave Of Tax Hikes?

Original Article

Posted By: RockyTCB, 4/6/2021 6:36:00 AM

Joe Biden’s massive $2 trillion “infrastructure plan” is in fact another giant tax hike disguised as a jobs program. Even worse, the Bidenites pretend that the taxes will hit wealthy people and big corporations hard, while the spending will provide jobs for struggling workers. Don’t believe any of it. First, a reality check. Spending was up sharply last year, and will likely be up at least 50% this year. Yet, even the tax hikes now being discussed won’t come close to covering the spending increases. Let’s review: During the pandemic year, the U.S. spent $6.5 trillion, a 47% surge in

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Reply 1 - Posted by: Krause 4/6/2021 7:11:12 AM (No. 745991)
It's pretty obvious the Biden/Obama administration will try to do the sames things the Obama administration did. What else do they know?
10 people like this.

Reply 2 - Posted by: Califedup 4/6/2021 7:24:15 AM (No. 745999)
Civil disobedience? Mass taxpayer revolt including refusal to pay crushing taxes? Are these valid resistant options? Our money feeds the federal beast. Without money it is helpless. The communist death democrats along with their republican allies are determined to strip us of our hard earned wealth and property and above all our freedoms. What is the breaking point, the final straw that finally moves us to real action?
14 people like this.

Reply 3 - Posted by: Strike3 4/6/2021 8:20:40 AM (No. 746045)
Not if you're a POC and your unemployment status is perpetual and self-inflicted.
6 people like this.

Reply 4 - Posted by: LC Chihuahua 4/6/2021 8:51:44 AM (No. 746091)
The people that want free stuff are in charge, and our government can and is being bought. Doesn't matter if your a homey from the hood or a billionaire corporate looter, the same mentality is at work. These people all want everything for nothing. As the debt gets worse, there are fewer options open to us to handle it. This does not end well folks.
11 people like this.

Reply 5 - Posted by: Lawsy0 4/6/2021 9:39:39 AM (No. 746166)
The really annoying thing about trying to read the summum bonum of each political hack along the eastern corridor is that some of them believe that Joseph Biden is in charge. If the people in Fly Over know he isn't, how did it escape the notice of all you periodical pontificators?
5 people like this.

Reply 6 - Posted by: bpl40 4/6/2021 11:25:30 AM (No. 746305)
The article assumes that the money will ultimately will have to be paid back. Not according to the New Normal. Also there is up to $23 trillion sitting in 401k accounts that is regarded as ill gotten gains.
3 people like this.

Reply 7 - Posted by: stablemoney 4/6/2021 11:32:36 AM (No. 746315)
The tax hikes will destroy small business. Large businesses can pass the tax hikes through to their customers.
3 people like this.

Reply 8 - Posted by: bighambone 4/6/2021 2:32:42 PM (No. 746512)
Anyone who has been paying attention over the years knows that anytime the liberal Democrats have raised taxes they always try to cover their butts by falsely claiming that their taxes hikes are only targeting corporations and the rich. But it never turns out that way, because corporations don’t exactly pay taxes what they do is inflate their consumer prices to cover their profit margins and then give the excess money to the government, so it has turned out to be the consumer that is paying when it comes to corporations. When it comes to the rich, they have the wherewithal to hire the best tax accountants, tax lawyers, and lobbyists, who ensure that there are enough loopholes in whatever new tax law that is passed, so that the rich pay the lowest tax possible or not at all. That leaves two more groups, the poor who don’t generally have any tax liability and who file tax returns to obtain tax credits and tax refunds in the form of money from the government. That leaves one more class of taxpayer, the vast middle class that makes America go, and who have the income and money that the Democrats can successfully tax. So guess what class of taxpayer who always has and who will pay the most when it comes to Democrat created tax increases. Yes, you guessed it, it’s the American Middle Class. At this stage you would have to be a moron to believe anything that Biden says, as it is what he actually does is the important thing.
1 person likes this.

Reply 9 - Posted by: formerNYer 4/6/2021 4:45:01 PM (No. 746660)
these tax hikes will kill the economy. I'm holding on to my money right now, no cars, no boats, no vacations, spending as little as i can I don't want to help the biden economy.
1 person likes this.

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