Biden calls for middle-class tax hike
by Washington Examiner
Washington Examiner— President Joe Biden has repeatedly said he won’t hike taxes on anyone earning less than $400,000, but then this week he promised on X to hike taxes on just about everyone. Now, to be fair, Biden may not have understood that’s what he’s saying. Letting the Tax Cuts and Jobs Act expire and “stay expired” […]
Drudge Report—Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922. And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states President Biden has formally proposed the highest capital gains tax in over 100 years. Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate
The Federalist—Joe Biden Just Promised America A Massive Tax Hike. Joe Biden says he will let Donald Trump's across-the-board $2 trillion tax cut expire. That would mean the biggest tax increase in history.
The Daily Signal—‘Economic Suicide’: Biden Admin Justifies Tax Hike Based on Racial Criteria. The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality. Read More