By Sophie O’Hara | March 2, 2020
What on earth is Biden doing?
He just said something so ridiculous at one of his rallies, it hard to tell if it was a “senior moment” or just sheer stupidity.
During his rally in South Carolina, he asked the audience if they’ve benefitted from Trump’s tax cuts and one man raised his hand.
Biden then promised the guy that he would be raising his taxes if he were to win in November, not lower them.
Yeah, Biden, that’s how you win over the people…
Watch the video:
https://twitter.com/helloitsthao/status/1233220121742589954?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1233220121742589954&ref_url=https%3A%2F%2F100percentfedup.com%2Fjoe-biden-promises-man-who-got-trump-tax-cut-that-hes-going-to-raise-his-taxes%2F
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Democrats have to be the only party who’s voters actually get excited about tax hikes.
But Biden isn’t just speaking in jest, he does, in fact, plan to raise taxes, primarily targeting the wealthy and corporations.
Joe Biden has spelled out which taxes he would raise to pay for his policy priorities if he’s elected president, a $3.2 trillion list that would have the wealthy and corporations paying more to the IRS.
On the business side, the former vice president proposes to raise the corporate tax rate from 21 percent to 28 percent and to place a minimum tax on companies’ pre-tax income, as a way to ensure that large multinational corporations pay at least something.
Biden would also seek to curb the ability of corporations to shift profits offshore, by sanctioning countries that facilitate tax avoidance. He didn’t identify which of the numerous countries known to have business-friendly tax policies would be targeted by such a plan. [Politico]
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So he plans to take the exact opposite approach that Trump did.
So clearly, he’s trying to completely tank the U.S. economy.
Sounds like a great plan, Joe…
This piece originally appeared on WayneDupree.com and is used by permission.
Read more at WayneDupree.com:
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