Biden announces intention to break his $400k tax pledge Today President Biden said that if elected to a second term he will make sure the Trump tax cuts expire next year. The Trump tax cuts — the Tax Cuts and Jobs Act — successfully reduced taxes for all income groups. In contrast to the tax-hiking […]
Talking about tax policy is one of the best ways for President Joe Biden to create a contrast with Donald Trump on who will fight for average Americans. As Trump told a group of wealthy campaign donors earlier this month, one of his signature issues if elected president in November will be extending the tax cuts Republicans enacted during his term in 2017—which overwhelmingly benefited wealthy Americans. There's no audio of the statement, but it echoes comments Trump made last year during a...
Shark Tank star Kevin O’Leary, aka “Mr. Wonderful” panned President Joe Biden’s new tax plan, suggesting that the president would damage the country in the same way that many Democrats have broken their states. O’Leary pointed out the negative impact of high taxes on states and countries during the April 16 edition of Fox News’s Your World with Neil Cavuto. “The minute you really start raising taxes and they become uncompetitive either at the state level, you see everybody leaving New York and...
Shark Tank star Kevin O’Leary, aka “Mr. Wonderful” panned President Joe Biden’s new tax plan, suggesting that the president would damage the country in the same way that many Democrats have broken their states. O’Leary pointed out the negative impact of high taxes on states and countries during the April 16 edition of Fox News’s Your World with Neil Cavuto. “The minute you really start raising taxes and they become uncompetitive either at the state level, you see everybody leaving New York and...
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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
As President Joe Biden visited Scranton, Pennsylvania, on Tuesday, he called for an increase in taxes on the rich.
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” […]
President Joe Biden wants voters to believe his tax plans take from the rich to give to the poor, but in reality they rob us all to pay off the millionaires and billionaires who bankroll today’s Democratic Party. “Taxes,” Biden said in hardscrabble Scranton, Pennsylvania, on Tuesday, where he returned to pretend he isn’t a money-larded creature […]
Hawaii taxpayers could be seeing phased state income tax cuts that over eight years amount to the biggest reduction in state history.
Joe Biden and Kamala Harris will raise your taxes. They will impose income tax hikes, small business tax hikes, capital gains tax hikes, corporate tax hikes, a carbon tax, and will even bring back the much-hated Obamacare individual mandate tax. April 18, 2024: VIDEO: Despite Biden Campaign Promise to Make “Costs Go Down,” They Have […]
TOPEKA (AP) - Kansas' Democratic governor on Wednesday vetoed a broad package of tax cuts for the second time in three months, describing it as “too expensive” despite the bipartisan support it enjoyed in the Republican-controlled Legislature. Gov. Laura Kelly and her staff had signaled that she had misgivings about a package of income, sales and property []