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Economists Say Joe Biden's Tax Plans Don't Add Up
Newsweek ^ | September 23, 2020 | Lucy Harley-McKeown

Posted on 09/23/2020 7:52:12 PM PDT by ReelectTrump2020

"If we put this into a historical context, Biden's tax plan would be the fifth largest tax increase since the 1940s in the United States," York said. "We're talking about a really significant amount of revenue that Biden is proposing to raise."

"The actual economic burden of the taxes Biden has proposed don't line up with their objectives. For example, the proposal to increase the corporate income tax rate from 21 percent to 28 percent, while that would be paid by corporations, the economic burden of that can fall on people across the spectrum.

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy
KEYWORDS: 2020; biden; election; taxes
If even left-wing economists aren't defending it, you know it has to be even worse than they let on
1 posted on 09/23/2020 7:52:12 PM PDT by ReelectTrump2020
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To: ReelectTrump2020

If 200 million died from COVID yesterday and 150 million more from gun violence, just who is left to tax? I think Joe is confused.


2 posted on 09/23/2020 7:54:01 PM PDT by Kudsman (Baby Lives Matter)
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To: ReelectTrump2020
[Economists Say Joe Biden's Tax Plans Don't Add Up]

Wow, even TDS Newsweak knows that Joe Biden is a disaster waiting to happen.


3 posted on 09/23/2020 7:54:58 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: ReelectTrump2020

i’m getting very confused as newsweek keeps reporting actual news now and again ...


4 posted on 09/23/2020 8:06:17 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: ReelectTrump2020

Yeah, they never do, do they?


5 posted on 09/23/2020 8:08:35 PM PDT by Tacrolimus1mg (Do no harm, but take no sh!t.)
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To: ReelectTrump2020

It’s so odd Newsweek is still Uber lefty but they have honestly been a bit more fake in their election coverage this year then again it is 2020


6 posted on 09/23/2020 8:26:58 PM PDT by Lod881019
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To: ReelectTrump2020

New math


7 posted on 09/23/2020 8:38:49 PM PDT by funfan
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To: ReelectTrump2020; All
I’m confident that Biden’s teleprompter’s tax plan fantasy is fully compliant with Congress’s constitutional Article I, Section 8-limited powers. /sarc
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.

Send "Orange Man Bad" federal and state government desperate Democrats home in November!

Supporting PDJT with a new patriot Congress and state government leaders that will promise to fully support his already excellent work for MAGA and stopping SARS-CoV-2 will effectively give fast-working Trump a "third term" in office imo.

I don’t see any problem with voting Republican ticket for 2020 elections.

Insights welcome.


8 posted on 09/23/2020 8:51:12 PM PDT by Amendment10
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To: ReelectTrump2020
while that would be paid by corporations, the economic burden of that can fall on people across the spectrum.

Well of course it does - job losses, lower wages and salaries, lower dividends, closure of businesses, moving operations overseas, selling out to foreign companies, higher prices on products and services including utilities, etc.

9 posted on 09/23/2020 10:25:18 PM PDT by Republican Wildcat
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To: Kudsman
If 200 million died from COVID yesterday and 150 million more from gun violence, just who is left to tax? I think Joe is confused.

Well, the 'rich' will just have to pay their fair share!

10 posted on 09/23/2020 11:31:47 PM PDT by gogeo (It isn't just time to open America up again: It's time to be America again.)
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To: Republican Wildcat

Take all the gains caused by the corporate tax cut, and roll the film in reverse.


11 posted on 09/23/2020 11:33:03 PM PDT by gogeo (It isn't just time to open America up again: It's time to be America again.)
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To: ReelectTrump2020

Corporations don’t pay taxes. People do. Taxes on corporations are indirect taxes, or pass through taxes, on people. To make up the bite that taxes take on corporate profits, corporations simply hike the cost of their products. Customers wind up paying the taxes. Same thing with huge lawsuits. Only people pay for things.


12 posted on 09/24/2020 12:15:43 AM PDT by Hootowl
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To: ReelectTrump2020

I hear that hair plugs will be tax deductible, though.


13 posted on 10/08/2020 12:37:21 PM PDT by Pining_4_TX (I'm old enough to remember when you actually had to be able to do something to be hired to do it.)
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