President Joe Biden’s $2 trillion infrastructure plan, unveiled Wednesday, contained a mix of the expected and unexpected. One of the expected elements: a huge corporate tax hike.
But don’t fret, the administration assures us. For right now, even the rich won’t be paying more. Instead, the tax increases are aimed at corporations, undoing much of former President Donald Trump’s 2017 tax breaks.
As The Washington Post reported Tuesday, the administration is looking to raise up to $3 trillion in tax revenue over the next decade, “primarily on wealthy investors, rich people and businesses.”
The taxes, The Post noted, “have already come under heavy criticism from congressional Republicans, who say such hikes will damage U.S. competitiveness and drain the nation of vital economic activity as it struggles to rebound from the pandemic.”
At a quick glance, China’s corporate taxes are slightly higher than America’s will be if the plan passes. China is at 25 percent, and America would go from 21 percent to 28 percent.
They want to kill small businesses and eliminate the middle class so we have two class system the 1 percent rich who run the country and the 99 percent of the poor that will do as they’re told
Now that MD is history to me, I much prefer that these liberal states drive more business to states like DE and create more jobs.
Keep on Ruining America & see what happens when Americans have had enough !!!!
Better Hire More Security for D.C Swamp !!!!!!
How much $ is the Biden family receiving from China to screw the American Corporations and
American Citizens?
25% !!
twenty five percent is worse than the Mafia.
WHO thinks a politician can just reach into the pocket of a company and DEMAND 25% of everything they make??
We went to war with the greatest military power on the planet over a couple of pennies in tax.
Now we allow people who have NEVER RUN A BUSINESS (except for the bribery, backdoor deals and inside information things) deciding THEY are entitled to 25%??!
START HANGING THESE POLITICIANS.
ALL OF THEM
Biden is a Mafia & takes orders from China !!!!!