Posted on 09/13/2021 2:17:50 AM PDT by blueplum
House Democrats are plotting a huge tax raid on the wealthy, businesses and investors to raise $2.9billion to cover the cost of President Joe Biden's domestic plans, leaked documents reveal.
The plans are a major rollback of Donald Trump's tax cuts and will see the corporate rate hiked from 21 per cent to 26.5 per cent according to the draft proposal circulating among Democrats on the House Ways and Means Committee.
Democrats are also expected to propose a 3 per cent surtax on individual income above $5million, which alone will raise $127billion.
The plans are a major rollback of Donald Trump's tax cuts and will see the corporate rate hiked from 21 per cent to 26.5 per cent according to the draft proposal circulating among Democrats on the House Ways and Means Committee.
Democrats are also expected to propose a 3 per cent surtax on individual income...
(Excerpt) Read more at dailymail.co.uk ...
Impeach 46.
The wealthy is a smoke screen, if it is true they will up and leave and we are back to us the middle class
Happening exactly as some of us predicted....
Back to crony capitalism. Loopholes and subsidies galore.
In text should read “2.9 trillion”.
In text should read “2.9 trillion”.
3 per cent surtax on individual income above $5million, which alone will raise $127billion.
Not sure where that number comes from at all...
With complicit RINOs, we may as well have a democRAT supermajority. And look how well that’s worked out for kalifornia. /s
Some people are so uninformed that they think they will not be hurt by high taxes on corporations or the supposedly rich. Those people are so willing to take other people’s money that they don’t see how they, themselves, can be affected. That is the essence of liberalism: Increase the power of government by taking advantage of public ignorance and selfishness.
Eff these peppl.
Whoa..Listen!! Hear that? It’s the wealthiest people in the US chanting “F*** Joe Biden”. Imagine that...
Wonder how the Biden and Pelosi families feel about getting taxed. Or is their stated income $4.99 million so they’re exempt? But we all know they skate around it by any means necessary.
Joe, plans nothing.
Half the time he is seen, I don’t believe it is even Joe.
Communists are all EVIL. The serve the father of lies, Satan himself.
Those silly “House Democrats.” They won’t confiscate any money from the selfish rich or those demon big corps.
The corporations will build the increase into cost of their goods and services.
The individual incomes over 5 mill will be dumped into trusts or other corporate entities.
Us poor slobs that have no means to shelter or pass it on will pay the tab.....
Back to? When did we ever leave it?
Tax them at 100% for all I care. They wanted woke socialism, they should get it good and hard.
Companies will LEAVE CALIF.
...LOL! Just stop it!
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