Paul Revere by Cyrus Dallin, North End, Boston





Wednesday, October 14, 2020

Conservative think tank says Biden's proposals will cut taxes for most in 2021


Our frequent conservative visitor, skudrunner, complains everytime he visits this blog that Joe Biden will raise your taxes if you're middle class.

Not true. And even a Conservative think tank disputes skudrunner's talking points.

Skud apparently got his information from a right wing blog or FAUX NOOZ or some far right outlet that doesn't deal in facts or truth.

It's sad, really, that so many Trump supporters deliberately stay ignorant of the facts.

From The Hill:

Conservative think tank: Biden proposals would cut taxes for most in 2021 

The tax proposals of Democratic presidential nominee Joe Biden would raise $2.8 trillion over 10 years and reduce taxes for most households in the near-term, according to an analysis released Tuesday by the right-leaning American Enterprise Institute (AEI). 

 "Overall, Biden’s tax proposals would make the US tax code more progressive," AEI researchers said in their paper. Biden has offered a number of tax proposals aimed at raising taxes on wealthy individuals and corporations. These include undoing portions of President Trump's 2017 tax-cut law that cut taxes for people making over $400,000, subjecting earnings over $400,000 to Social Security taxes, raising the corporate tax rate from 21 percent to 28 percent and changing how U.S. companies' foreign profits are taxed.

In other news:

This is Trump's America: 

Vote Trump and his awful administration OUT 
on November 3!


skudrunner said...

If you raise corporate taxes you raise costs to the consumer. Is that a tax, no but it is a cost everyone will be affected by. He plans to raise the capital gains tax which will affect anyone who has to withdraw funds to live. Cut taxes for most is a good choice of words because the Most pay very little in the first place.

Rational Nation USA said...

We need an Ike today.