The Briefing Room
General Category => Politics/Government => Topic started by: mystery-ak on April 02, 2021, 08:10:01 pm
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Joe Biden: Raising Taxes Will ‘Create Energy’ Not Slow the Economy
Charlie Spiering 2 Apr 2021
President Joe Biden defended his plan Friday to raise taxes significantly to help pay for his proposed $2.5 trillion infrastructure spending bill.
“Raising taxes, studies show, will not slow the economy at all … It will make the economy function better and will create more energy,†he said.
Biden spoke to reporters about his plan at the White House on Friday morning before leaving for the weekend.
The president’s plan would raise the corporate tax rate from 21 percent to 28 percent, and raise taxes for individuals making more than $400,000 a year. Biden argued the tax hikes were necessary to help pay for his dramatic spending proposal.
“If the Republicans decide that we need it but they’re not going to pay for it, it’s just going to increase the deficit,†Biden said.
Senate Minority Leader Mitch McConnell vowed to fight Biden’s proposal, during a press conference in Kentucky on Thursday, noting too much of the proposed spending was focused on leftist climate and green energy priorities and raising taxes.
“I’m going to fight them every step of the way because I think this is the wrong prescription for America,†McConnell said.
more
https://www.breitbart.com/politics/2021/04/02/joe-biden-raising-taxes-create-energy-not-slow-economy/
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What a freakin' meathead moron. Yep...taxes, gas and costs of goods will continue to go up. Sloe Joe has done one helluva job so far.
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Buy a shotgun, Joe.
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Joe isn't so stupid that he believes his own lies, Joe is setting up plausible deniabilities. Don't blame me, i told you i didn't understand what i was doing. Fools loving to be lied to, will buy it!
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Just watch, this drooling old fool will get the Nobel Prize for economics. Or maybe have to split it with AOC. *****rollingeyes*****
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Traitor Joe once again has proven to be the idiot he truly is.
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Traitor Joe once again has proven to be the idiot he truly is.
Traitor Joe is just doing what he has always done. Exactly what he is told to do by those really running the show.
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One of the great imponderables of politics is what percentage of Democrats are economic illiterates, and what percentage are charlatans who know better, but lie because it helps their electoral prospects.
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Variations on the repeating-history theme appear alongside debates about attribution. Irish statesman Edmund Burke is often misquoted as having said, “Those who don’t know history are destined to repeat it.†Spanish philosopher George Santayana is credited with the aphorism, “Those who cannot remember the past are condemned to repeat it,†while British statesman Winston Churchill wrote, “Those that fail to learn from history are doomed to repeat it.â€
You can take your pick of the above, but what it comes down to is democrats continue to do the same thing expecting a different outcome and we the American people are the ones who pay for it. The politicians and wealthy liberal communists will always be insulated from destruction of their actions.
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How in Hades can politicians not recognize and acknowledge that government leaching $$ from companies:
* Decreases companies' ability to produce existing products (= less equipment bought and fewer people employed);
* Decreases companies' ability to develop new products;
* By reducing production supply is also reduced, which keeps prices consumers pay higher than they should be?
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Variations on the repeating-history theme appear alongside debates about attribution. Irish statesman Edmund Burke is often misquoted as having said, “Those who don’t know history are destined to repeat it.†Spanish philosopher George Santayana is credited with the aphorism, “Those who cannot remember the past are condemned to repeat it,†while British statesman Winston Churchill wrote, “Those that fail to learn from history are doomed to repeat it.â€
You can take your pick of the above, but what it comes down to is democrats continue to do the same thing expecting a different outcome and we the American people are the ones who pay for it. The politicians and wealthy liberal communists will always be insulated from destruction of their actions.
(https://www.brainyquote.com/photos_tr/en/a/aldoushuxley/163193/aldoushuxley1-2x.jpg)
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Joe isn't so stupid that he believes his own lies, Joe is setting up plausible deniabilities. Don't blame me, i told you i didn't understand what i was doing. Fools loving to be lied to, will buy it!
The voters are the stupid ones. The Democrats understand the electorate better than Republicans do, that's why they win.
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The economy slowing tax increases are the least of the coming problem. The bigger issue will be the dollar losing it's status as the reserve currency of the world. The trend is toward the yuan and irresponsible fiscal policy is going to accelerate this trend.
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The voters are the stupid ones. The Democrats understand the electorate better than Republicans do, that's why they win.
They should! They created it! We are now going into the fourth generation of people who have never known anything other than government welfare checks. Whatever else LBJ was, his Great Society programs were political genius.
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They should! They created it! We are now going into the fourth generation of people who have never known anything other than government welfare checks. Whatever else LBJ was, his Great Society programs were political genius.
With COVID they are trying to make our entire country dependent on welfare (stimulus) checks. There is rumor now of a 4th stimulus check on the horizon that will certainly lift people out of poverty. *****rollingeyes*****
https://www.yahoo.com/finance/news/fourth-stimulus-checks-may-coming-205503045.html
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PeteS objects:
"How in Hades can politicians not recognize and acknowledge that government leaching $$ from companies"
Comrade citizen Pete, don't YOU recognize that before many more years have passed, the government will have taken over these companies to run them as it sees fit...?
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Raising corporate taxes will stimulate mass exodus by corporations from the USA. Millions of jobs will be lost, good paying corporate jobs. Also, the exodus to Mexico and other nations for manufacturing will be like on steroids.
Biden will make Hoover look like a hero. The economy crashes when people begin to land in the unemployment line. This economy right now is being buffered by nothing more than hot air. I expect a 50% crash in the market, which will not recover in the same year either!!!