White House on if Higher Taxes Kill Jobs: Businesses Have Lots of Resources, We’ve ‘Given Them a Lot of Subsidies’

Breitbart ^ | 03/09/2024 | Ian hatchett

[ChicagoConservative27]

On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey responded to a question on whether the higher corporate taxes pushed by President Joe Biden will harm hiring by saying that “We need to make sure that the federal government has the resources that it needs to be able to do the things that it needs to do.” And that”businesses have a lot of resources, we’ve also given them a lot of subsidies and supports to go out there and invest.”

Co-host Joe Mathieu asked, [relevant exchange begins around 7:15] “[H]e talked about the need for higher taxes on the wealthy and on corporations, specific to the idea of a higher corporate tax rate, which I know is something that he has been pushing for some time and we have some movement there, I just wonder, what impact that might have on hiring, if any at all? Is that something that you’re able to model?”

[frank ballenger]

I still have a problem understanding business people. They should be pro-American and pro-Capitalism and anti-Communist as in the 1950s and 1960s.

I thought they were pretending to go along with the woke stuff to present token acceptance as they did with civil rights.

But they actually go along with wokism including BLM and the “partnership” form of Chinese Communism increasingly taking over.
How do they think the Communist leaders are going to treat them after November, 2024?

[MinorityRepublican]

Remember the EU used to be right there with USA. And they launched the Euro to compete with the dollar.

[lowbridge]

The Lesson of Economic Damage From “Taxing the Rich” With the Punitive Luxury Tax in the 1990s

https://www.aei.org/carpe-diem/the-lesson-of-economic-damage-from-taxing-the-rich-with-the-punitive-luxury-tax-in-the-1990s/

The Luxury Tax Myth

https://boatingindustry.com/blogs/2022/02/01/the-luxury-tax-myth/

[Organic Panic]

If Biden really got 81 millions votes..... We are a nation of genuine morons. The country is gone. It is over.

[SunkenCiv]

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