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Biden Calls for Increase in Taxes on the Rich
Breitbart ^ | 04/17/2024 | ELIZABETH WEIBEL

Posted on 04/18/2024 6:34:49 AM PDT by ChicagoConservative27

As President Joe Biden visited Scranton, Pennsylvania, on Tuesday, he called for an increase in taxes on the rich.

“When I look at the economy, I don’t look at it through the eyes of Mar-a-Lago,” Biden said during his speech. “I look at it through the eyes of Scranton.”

Biden explained that he wanted to make the tax code fair, in order to allow regular American citizens to keep more money in their pockets.

In an attempt to make the tax code fairer, Biden suggested a 25% minimum tax rate for billionaires, while slamming former President Donald Trump for being a billionaire.

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


TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: biden; classwarfare; increase; rich; taxes
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To: Dan in Wichita

.
Qui.....We are running out of OTHER PEOPLES MONEY!!!


21 posted on 04/18/2024 7:11:52 AM PDT by CoastWatcher
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To: circlecity
Every tax increase for “the rich” ends up falling squarely on the middle class. Every time.

Bingo! I tell this to the young people every time they say they support taxing the rich more. The end result was always that my taxes increased too, even when I was making $7/hr.

22 posted on 04/18/2024 7:13:41 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: wny

The “Rich” don’t pay taxes, they make political contributions. The foolish term “tax the rich” translated is tax hell out of everyone but the rich... who buy favor with their LARGE contributions. It’s such a cynical piece of crap.

https://youtu.be/tK_d9s2pqrk


23 posted on 04/18/2024 7:14:09 AM PDT by FiddlePig (The greatest threat to our sacred liberty is to not value it!””)
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To: ChicagoConservative27

Of course he did. Everybody must pay their fair share.

Unless of course they blew most of their money on blow, hookers . . .


24 posted on 04/18/2024 7:15:41 AM PDT by MCSETots
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To: ChicagoConservative27
So, more taxes on all non-Welfare, reportable income-producing, residents.

Illegals, drug dealers, criminal and Welfare dependents of all kinds, are financially encouraged.

25 posted on 04/18/2024 7:16:13 AM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: Bob434

“Their thinking is that the wealthy won’t be affected by increased taxes before the next election, so they will still vote dem.”

There aren’t enough billionaires to affect an election with their votes. Where billionaires make a difference is in funding candidates. Which is why Congress provides plenty of special provisions, loopholes, exemptions and deductions billionaires can use to offset increases in tax rates during times when Democrats raise top rates.

This is largest billionaire loophole is “carried interest”. Trump mentioned repealing
it during the 2016 campaign, a promise immediately forgotten when he took office. Democrats occasionally mention it during campaign season but never take action on it.


26 posted on 04/18/2024 7:16:41 AM PDT by Soul of the South (The past is gone and cannot be changed. Tomorrow can be a better day if we work on it n)
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To: ChicagoConservative27
Maybe he'll start with Soros. Enact taxes that will bring his $75 billion dollar net worth down to $450,000 and his annual income from $100 million down to $55,000 a year.
27 posted on 04/18/2024 7:18:05 AM PDT by Gay State Conservative (Proudly Clinging To My Guns And My Religion)
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To: ChicagoConservative27

Really- he doesn’t know a thing about Scranton from observations at age 6, in a house with a butler and criminal daddy and extended family. What a load of diaper dump.


28 posted on 04/18/2024 7:23:55 AM PDT by John S Mosby (Sic Semper Tyrannis)
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To: CoastWatcher

Maggie Thatcher said it- and she was and is still dead on about these spongers and re-distributors.


29 posted on 04/18/2024 7:26:06 AM PDT by John S Mosby (Sic Semper Tyrannis)
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To: Bob434

And, it will make sure that exemptions will be in place for all of its buddies. Like Newsome (next Pres) did for the minimum wage out here in CaCaLand — he inserted a exemption for a big donor and budd.


30 posted on 04/18/2024 7:32:48 AM PDT by bobbo666 (Baizuo, )
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To: ChicagoConservative27
Biden Calls for Increase in Taxes on the Rich

He may as well be suggesting HIGHER TAXES on ice cream and "Milk Duds!" /s

31 posted on 04/18/2024 7:39:54 AM PDT by VideoDoctor
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To: wny

Biden doesn’t grasp the fact that Trump made his money by hard work. On the other hand, Biden made his money by; well you know.


32 posted on 04/18/2024 7:40:41 AM PDT by abbastanza
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To: circlecity

Yep..

My first thought was: “Oh boy, I’m about to become ‘RICH’ again…”
(I’m actually barely lower-middle class)


33 posted on 04/18/2024 7:42:08 AM PDT by joethedrummer (We can't vote our way out of this, folks..)
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To: ChicagoConservative27; All
Thank you for referencing that article ChicagoConservative27.

"Biden Calls for Increase in Taxes on the Rich"


The rich need to wake up and team up with “secessionist” Texas and other states who are tired of the unconstitutionally big federal government and do the following. Rich patriots need to use their wealth to encourage citizens to elect a new patriot Congress in November that will support hopeful Trump 47 to lead ALL the states to effectively "secede" from the corrupt federal government by repealing the 16th Amendment (direct taxes) to put a stop to the federal government's abuse of that amendment.

The 17th Amendment (popular voting for federal senators) needs to disappear too imo.

34 posted on 04/18/2024 8:00:42 AM PDT by Amendment10
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To: ChicagoConservative27

Start by taxing kickbacks, special favors, “royalties” on “books”, and gifts of million dollar mansions.


35 posted on 04/18/2024 8:12:01 AM PDT by I want the USA back (Delusionary people should not be given power over normal people.)
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To: wiseprince
Not just when you sell.

Case in point from Upstate NY...

Tax hike proposal to avoid job cuts in Corning-Painted Post School District

Check out the attitudes, plural, displayed in this article.

Also keep in mind that, like many districts in NYS, enrollment is down for this one, too. Though the article doesn't tell you that.

But the attitude displayed is infuriating.

The public exists to serve its so-called public servants. And if it hurts, too bad. Sucks to be you.

What's yours is ours.

36 posted on 04/18/2024 8:13:31 AM PDT by mewzilla (Never give up; never surrender!)
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To: ChicagoConservative27

Congress will have to give themselves a raise to cover the taxes ,LOL


37 posted on 04/18/2024 8:28:12 AM PDT by butlerweave
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To: ChicagoConservative27

Biden said, “I look at it through the eyes of Scranton.”

No. He said, “My grandfather would tell me when I walked out the door in North Scrat’n... Norths... uh... Nor... North Scat’n... in North Washington Avenue in Scrant’n... in my home town of Scant... uh... Scrant’n... Scant’n ... Scranton.”


38 posted on 04/18/2024 9:03:25 AM PDT by unlearner (I, Robot: I think I finally understand why Dr. Lanning created me... ;-)
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To: ChicagoConservative27

Here we go again. If only “the rich” would pay their “fair share”, our fiscal problems would be solved.


39 posted on 04/18/2024 9:51:00 AM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: ChicagoConservative27

If Biden really wants to tax the rich he should start with (((Wall Street))) carried interest.


40 posted on 04/18/2024 11:12:31 AM PDT by Reverend Wright ( Everything touched by progressives, dies !)
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