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Here’s the deal. If you had believed this was going to be an actual promise, you haven’t been following politics long. Joe Biden said no one making less than $400,000 will see their taxes go up. Well, when you propose $6 trillion in new spending, there’s no way the revenue structure can remotely work by not raising taxes on the middle class. It’s going to happen. One way or another the government will find a way to get their due on your labor. We noted before how Obama got the middle class to pony up more dough through payroll taxes. With Biden, he just going to let the Trump tax cuts for the middle class expire in 2025. So, there you have it again, folks. the Trump tax cuts did provide relief to most middle-income earners in America. It did create an environment for job growth. It allowed businesses to dole out bonuses to workers and re-invest in their establishment—but Joe Biden and the Democrats are coming to wreck everything (via WSJ ): Now it can be told? President Joe Biden has been saying over and over since he was merely a candidate for the nation’s highest office that his tax increases would only target corporations and rich people. The line was always disingenuous because even his old boss President Barack Obama acknowledged that workers suffer when corporate income tax rates rise. But now the New York Times is reporting that President Biden plans to support a direct tax increase on Americans who are not at all wealthy.
Jim Tankersley reports in the Times that the paper has obtained Biden budget documents and that “the documents forecast that Mr. Biden and Congress will allow tax cuts for low- and middle-income Americans, signed into law by President Donald J. Trump in 2017, to expire as scheduled in 2025.”
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Don’t count on another roaring economy or a federal budget surplus if the Biden agenda is enacted. In the first year of his second term, President Clinton collaborated with House Speaker Newt Gingrich (R., Ga.) on a capital gains tax cut, slashing the rate […]
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They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker
