ALEXA’S DAILY RECOMMENDATIONPOLITICS

At Least Biden’s First At Something – Increasing Taxes!

Yup, he’s the first President in the last 5 or so decades to have decided to increase the taxes in the States!

Well, we didn’t say it was a good thing – but at least he’s first at something!

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Jen Psaki, the Press Secretary of the White House made clear that the plan Joe Biden has proposed regarding taxes, will definitely increase the federal income taxes on people that make over $400,000 a year, but that figure could include also couples that make that amount total.

This will affect far more people than was originally planned.

And the very cause and purpose of the initially imagined tax plan will be lost if you ask me…

It would be a direct attack on the upper-middle class.

And according to Business Insider, “The most interesting aspect of this group is that some of them were responsible for Biden’s victory in the first place. Biden’s improvement among the educated, white upper-middle-class compared to 2016 Democratic nominee Hillary Clinton helped him win key swing states.”

“The goal of Biden’s tax plan is to repeal certain aspects of the Republican-led Tax Cuts and Jobs Act of 2017, and raising the income tax and raising the corporate tax rate would certainly do that.”

This would be yet another job-killing move we are seeing from Biden’s administration.

To be more exact, according to a report published by the Tax Foundation, approximately 159,000 jobs could be lost, long-term speaking, just because of this proposed new tax plan.

Why?

Simply, because (private) businesses would have to deal with further financial issues and burdens.

Source
twitter.comwesternjournal.combusinessinsider.com

Ava Garcia

A small town girl, dreaming big, expecting to change the world with presenting the truthful events of the world today. Law degree with a master in criminology, and a devoted journalist for over 7 years, and counting. "The pen is mightier than the sword."

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