Like all the Democrats Biden wants to repeal Trump's tax cuts; you know the ones that are powering unprecedented economic growth and driving unemployment to historic lows.
While Biden said that he would make the wealthy pay their "fair share" he didn't explain why he endorses eliminating the tax cuts Trump provided for the middle class.
If he didn't want to steal your money he'd be proposing a revision or a new tax for the uber wealthy but instead he's saying he'd repeal the tax cut you got.
Of course whenever the Democrats talk about taxing the rich we all know that the rich with their lawyers and accounts will minimize the impact of any new tax. Generally speaking if the tax rate goes up the rich will simply stop creating new wealth by not investing their money and simply spend the money they already have.
The reality is that to fund the Democrats schemes they need your money and lots more of it.
While the wealthy won't have to change their lifestyle if their tax rates go up you will have to change yours when the party of the rich comes knocking on your door demanding more of your hard earned money to buy the votes of those who the Democrats will give your cash to.
No comments:
Post a Comment