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Harris-Biden Tax Plan Means Reverting to Obama’s Bad Old Days

If the tax-raising duo of Harris and Biden limp into the White House with the help of a dishonest and fawning media, the battle to redistribute American wealth will recommence.

Hold on to your wallets, folks. Kamala and Joe’s, with the full support of their tax-and-spend Democrat allies’, first order of business will be to roll back President Trump’s 2017 tax cuts. It’s a reprise of the same old sad song about how the wealthy aren’t paying their fair share.

Here’s what Kamala’s running mate Joe said on the subject: “Let me tell you why I’m going to (cancel the tax cut)” Biden said. “It’s about time they start paying a fair share of the economic responsibility we have. The very wealthy should pay a fair share — corporations should pay a fair share.”

According to Joe Biden and Democrats, who mostly haven’t had to actually work for a living, “fair share” is an exceedingly flexible notion. The numbers tell the story:

–The top 1 percent of income earners kicked in over 37.3% of all income taxes paid in 2019. Here’s an example: If 10 people went out to dinner and split the $100 check, the rich guy in the group would pay $37.30. The remaining 9 would pay about $7. Under Joe’s plan, the rich guy should, in the name of fairness, also pay the tip in full.

–And how about this sad statistic from the Tax Foundation: the bottom 50% of wage earners paid a measly 3% of all income taxes collected in 2016.

So, in the name of fairness, Joe Biden wants to restore everyone’s taxes to Obama administration levels. Never mind we suffered a prolonged recovery under Obama, spanning 8 years, because of his economic incompetence. It was the Trump tax cuts and deregulation that sent unemployment to record lows, wages to go up, and caused the stock market to soar.

And the average taxpayer, which Crazy Nancy likes to refer to as “crumb catchers,” had their tax liability lowered to 12.5%, 11.5%, and 10.96%, depending on their income.

Also, business owners can bank on paying more if Biden wins. The Trump tax bill slashed the corporate tax rate by 7% to 21%. Guess who will be billed for the extra money businesses have to pay. It will, of course, be consumers.

Democrats seem to be either ignorant or just don’t care how taxes affect the behavior of those who have to pay them. People—especially high-income earners—alter their economic behavior in terms of what they buy, whom they hire, or where they invest. That behavior often is disadvantageous to others who depend on discretionary spending that stimulates job and other economic activity.

Joe Biden likes to pose as a regular guy who just loves small business owners. His tax plan, however, is far from friendly to that sector. President Trump’s tax bill dropped capital gains business taxes from 37% to 29.6%.

Small business owners provide thousands of jobs. If Biden has his way, small business tax rates will force a new series of layoffs to kick back in and stall the economic recovery Democrats are desperate to avoid.

Joe and company have their own dopey, generic, and plagiaristic “Build Back Better” jobs and economic recovery plan. Its capstone is more money to just about everyone. And, yes, there’s that brilliant idea of promoting millions of well-paying union clean energy jobs that, if only given the chance, Joe and Barack would have brought about—except for the fact that they supervised the slowest economic recovery in the history of our nation.


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10 Responses

  1. It is clear that the election of Joe and the Hoe will inevitably lead to a state-run marxist command-and-control economy, enforced by a police state dictatorship. This is a double game of bait-and-switch. Good old Catholic working-class Scranton Joe is the stalking horse for Willie Brown’s mistress, who once in office will give him the 25th Amendment treatment faster than you can say “William Henry Harrison”. The constitutionally-ineligible Indian anchor baby and Jamaican citizen is in turn the stalking horse for Bernie, the Squad, Antifa and Burn Loot Murder, who plan to push the “Harris administration” to the far left and erect a combination of Venezuela, Cuba. apartheid South Africa in reverse and Orwell’s Oceania. We are about to learn that you can vote your way into socialism, but you usually have to shoot your way out. An ounce of prevention in November is worth a lot more than a pound of resistance and secession in January.

  2. Here’s what Kamala’s running mate Joe said on the subject: “Let me tell you why I’m going to (cancel the tax cut)” Biden said. “It’s about time they start paying a fair share of the economic responsibility we have. The very wealthy should pay a fair share — corporations should pay a fair share.”

    Not one rich democrats pay their fair share, the taxes always winds up force on the middle classes and the poor while the rich benefits from the taxes we pay.

    All the money in taxes will go to the lazy BLM/Antifa and their ILLEGALS which under the democrats will flood American worse than Henrician can do.

  3. The American voter must put aside the media lies and hate for Trump and do what is best for our country. Trump isn’t the perfect choice but he will provide all of us the better form of government leadership. Joe Biden is too far left and he is totally controlled by the DNC, Obama, BLM, and the Bernie,AOC crowd. Do not be fooled by the media.Higher taxes, open borders, sanctuary cities,free programs we can not afford to give free. Middle class lives will be destroyed. The tax burden will drive us all into socialism. Believe me Trump this time around is our only hope.Don’t be fooled BLM, Antifa are socialist groups partners with the DNC Democratic Party. Don’t commit voting suicide by choosing Biden/Harris/Obama influenced.

  4. What we need to do is VOTE EACH AND EVERY DEMOCRAT OUT OF OFFICE COME THIS ELECTION .. THE rich and these politicians get richer by the day off the working peoples back and get thrown their leftover bread crumbs without any appreciation … They are to represent the people but all we see is they represent themselves … WE NEED TO TAKE BETTER CONTROL OF WHAT THEY DO AND GET … LOWER PAY , NO PERKS , THEY PAY WHAT WE PAY AND TERM LIMITS . All monies donated to their office will go to the people not their pockets

  5. What I think every American Citizen should do before making their decision on who they will VOTE for on November 3rd. Avoid, at all costs casting your vote based on anything the once proud, once respected MSM promotes as they have lost all credibility due to their overwhelming bias for the democrat party. It has become crystal clear that the fake MSM has become the mouthpiece for the Democrats, and instead of REPORTING REAL NEWS, they just fabricated anything and everything to support the democrat narrative. Grab a piece of 8 1/2 X 11 size paper. Draw a line down the middle, on one side mark Biden and the other side Trump. Then, utilize what’s called the Benjamin Franklin Close: in sales on one side you write down all the reasons you SHOULD buy, let’s say an insurance policy, and on other side the reasons why you should not.. Apply this same process to the Election. Write down all the reasons ( BASED ON FACTS AND THE TRUTH ABOUT WHATEVER YOU RESEARCH AND WILL BASE YOUR DECISION ON, and the TRACK RECORD- ACCOMPLISHMENTS / FAILURES./ DECISIONS THAT HELPED AMERICA-AMERICANS, IMPROVED /WORSENED ECONOMY-QUALITY OF LIFE, ie: JOBS, INCOME, etc., etc.) write down your results for Biden and President Trump, and when you’re done, if you did this process correctly- being honest with yourself and not allowing yourself to be swayed by rhetoric, or lies or fabricated untrue stories that have been proven false, not allowing yourself to be intimidated by whatever you do, not giving in to a MSM blatant bias towards the democrat party, who deliberately twist the truth, distort the facts in their effort to support the democrat narrative.. in order to truly make an educated decision, based not on the like or dislike or personality, of either, but on the most important things that are critical for the success of every American, and America.. The candidate that will keep America safe, and every citizen safe and secure in their homes. Take the time to do honest diligent research and fact check your information, then take a look at the sheet of paper and it will become blatantly obvious which candidate- BIDEN or PRESIDENT TRUMP will be BEST FIR AMERICA… BEST FOR EVERY AMERICAN… &. BEST FOR THE ENTIRE WORLD… When you look at what is taking place across our country… rioting, looting, burning and destroying property of innocent citizens and beatings and killings of innocent people… look closely at WHERE this chaos is taking place… FACT: in democrat controlled cities. With some Democrats actually supporting these actions.. continually stating they are peaceful protests when VIDEO EVIDENCE shows the exact opposite, even have some democrats condoning and worse encouraging more violence… these are all deliberate actions geared to make our President look bad, or discredit him and do whatever they can to sway the election at any cost.. The Democrats relentless attacks on the President, all the LIES, FABRICATED UNTRUE STORIES AND OMISSION OF EXCULPATORY EVIDENCE AND INFORMATION AND EVEN CHANGING THE WORDS OF THE PHONE CALL TRANSCRIPT BETWEEN PRESIDENT TRUMP AND THE UKRAINE PRESIDENT BY COMPULSIVE LIAR SCHIFF WHO THEN READ HIS VERSION TO CONGRESS AND THE AMERICAN PEOPLE… LYING TO ALL. With ZERO ACCOUNTABILITY AND ZERO CONSEQUENCES. Fake Russia Collusion, Fake dossier, fabricated witnesses, fabricated evidence that was never produced…. and there’s the Fabricated Ukraine Quid Pro Quo against President Trump….. that everyone knew never happened… what it really was- the Democrats attempted coverup of the REAL QUID PRO QUO COMMITTED BY THEN VP BIDEN WHEN HE THREATENED TO WITHHOLD A BILLION DOLLARS IN AID TO UKRAINE IF THEY DIDN’T FIRE THE PROSECUTOR WHO WAS INVESTIGATING CORRUPTION IN A COMPANY CALLED BURISMA.. COINCIDENTALLY JOE’S SON HUNTER WORKING ON THEIR BOARD AND BEING PAID ROUGHLY $83,000 A MONTH.. YES A MONTH, WITH ZERO KNOWLEDGE AND ZERO EXPERIENCE OF THE BUSINESS…. JOE LAUGHS WHILE ADDRESSING A PANEL AND GROUP AND SAYS HE WAS LEAVING IN SIX HOURS, IF THEY DON’T FIRE THE PROSECUTOR THEY’RE NOT GETTING THE BILLION DOLLARS… WELL SON OF A BITCH.. THEY FIRED THE PROSECUTOR! Most important to note, UNLIKE the fake, phony, made up quid pro quo against President Trump… Then VP BIDEN’S REAL QUID PRO QUO IS ON VIDEO FOR EVERY AMERICAN TO WATCH AND LISTEN TO… Personally, when I was done conducting the “Benjamin Franklin Close, what I found was an exact opposite summary: one candidate had an overwhelming number of negative items listed and very few good items… the other candidate had an overwhelming number of good, positive items and very few negative items. When my list was complete it made my decision, actually very easy.
    RE-ELECT PRESIDENT TRUMP!

  6. It is and remains perfectly clear…………Biden & Harris are enemies of the USA………

  7. If you really want to save America, Vote for Trump! Starting TODAY, call your, DISTRICT, Representatives, and DEMAND THEY FIRE PELOSI, AND ELECT A NEW SPEAKER OF THE HOUSE! The same for The SENATE, CALL YOUR SENATOR, AND REMOVE THAT DEAD HEAD SCHUMER FROM THE MINORITY DEMO-RATS LEADER IN THE U.S. SENATE! BOTH HAVE POISONED THE HALLS IN OUR CONGRESS!
    Make the CALL now, then, CALL your friends and tell them to do the same! THIS IS ONLY THREE (3) CALLS, FROM EACH OF YOU, TIMES AS MANY FRIENDS AND FAMILY MEMBERS YOU ASK TO THE SAME!!!

  8. The “dinner bill” analogy is misleading. And here’s why: To pay the estimated 37% of all income taxes, there are WAY fewer than 1/10 super rich in the population of 330,000,000 people in the U.S. That would mean, if it were true, that there are 33,000,000 super-rich tax-payers living and working in the U.S. In actuality, there are about 3,000 in the “billionaire class”. So, the 10% bill would be paid by only about 1/11,000, or about 00.0009% of all tax-payers. In order to do that, each would have to pay over 70% of their income in TAXES! In order for the 10% formula to work, that 37% would have to work its way down to families making $100,000 per year. Since those actually pay now about 15% in actual taxes, their tax bill would have to almost TRIPLE.
    What would that mean? Well, no more retirement plans (since these would have to be taxed to death [pun NOT a pun]. The old would now have to be “suicided” to cancel their bill. Their IRA/401K would be “acquired” to pay the HUGE WELFARE for those who don’t work (Death tax).
    Businesses would have to now pay around 50% of tax on profit and PROPERTY. So, if you carry over a pair of last year’s trousers in your store inventory, the store would have to pay 50% of the retail value on those going into the next year! That, in addition to the 50% of the assessed value (Liberal assessors) of your building, parking lot and previous year’s NET profit! Boy….what an economic RECOVERY THAT would mean!
    So, Liberals (socialist/communist) will say, “Nah….they’ll NEVER do that”! But just look at Social Security, originally NOT to be taxed. Always to remain untouched, but now seized to “relieve” governmental shortfalls elsewhere.
    Graft will increase exponentially. Bribe, lobbying payoffs and back-room deals will be the rule of the day. And you and I will have to
    B E N D O V ER so far that we won’t be able to stand upright ever again!
    Just as Socialism has gradually oozed into the U.S and taken over our lives, these processes will gradually take over our income and spirit. There is only ONE Choice this November: Conservatives! President Trump, of COURSE! But Supportive Republicans EVERYWHERE must be in the Senate and House. We Have To Do It!

  9. The RICH will never pay taxes, they spend their money on things that are important to them! Fine Arts, Hospitals foundations, College donations, but they will never pay Taxes to a Government that CAN NOT EVEN BALANCE THEIR OWN PERSONAL CHECK BOOKS, LET ALONE OUR TAXES! They invented Deductions! How? Just like President Trump said, they BUY LEGISLATORS TO WRITE BILLS ON THE RICHEST BEHALF! THE DEDUCTIONS YOU GET ARE A DRIP COMPARED TO THE VERY WEALTHY! DO NOT BE FOOLED THE TAX INCREASE WILL NEVER BE PAID BY THE RICH. EVEN IF THEY DID GET THEM TO PAY , IT WOULD BE PASSED DOWN TO THE CONSUMER! JUST LIKE IT ALWAYS HAS! AND WE PAY!! AGAIN!!!! VOTE DEMO-RATS OUT THEY HAVE BECOME THE SCUM UNDER THE SCUM! TRUMP 2020 – 2024 AND BEYOND!! THAT DRIVES THE D-RATS CRAZY !!!!

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