Posted on 10/25/2020 6:25:11 AM PDT by rktman
In a year with an assembly line of tumultuous events, few have cited taxes as a major presidential campaign issue — until the recent debates.
But after months of economic uncertainty, financial security is on everyone’s mind. “It’s the economy, stupid” has been the most reliable election fundamental since 1992. This year, both candidates hold significantly differing views on their idea of prosperity. And taxpayers won’t let media-fueled chaos distract from that reality either.
Joe Biden, the Democratic nominee, has promised to fully repeal the 2017 federal tax cuts that benefited most Americans. At the same time, Biden claims his plan will only raise taxes on those earning more than $400,000. Even if you believe his economic math adds up, the two statements are incompatible.
The latest report on who benefited from President Donald Trump’s tax cuts was released in Pennsylvania, the ultimate election battleground, where the state’s non-partisan Independent Fiscal Office reviewed data on actual tax returns filed by families. The report broke down taxes paid by filers earning less than $75,000; those earning between $75,000 and $200,000; and those earning more than $200,000.
(Excerpt) Read more at wnd.com ...
If the rich refuse to cash in capital gains, Biden voter bribes can’t get funded.
Biden is promising....more middle class tax cuts....
Biden is an expert on bribery.
Well I did notice in one of the ads full of BS:
Buy a house=$15,000 tax credit
Blue collar worker=+$14,000/yr
SS recipient=$1,300/yr———————(Hey, wait a minute)
Tax the rich to give more to the working class? Uh, joe, you ain’t the thief you think you are. Robin hood was a thief plain and simple.
Vote buying much?
The tax cuts are temporary because they passed the Senate under budget reconciliation to avoid a Democrat filibuster. Thus if those cuts are allowed to expire it will not be Biden increasing taxes. Sneaky, sneaky.
I do hope that a new Trump term includes many more tax reforms as well as going over all of the pros and cons of each possible tax reform idea that’s out there. This is assuming that the majority of the next entire Congress is very conservative.
Biden is an expert on bribery....
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It will all work fine until they run out of other people’s money. Which is shortly.
The “rich” already pay a lot of taxes but the Leftist Media Propagrandists and the Biden speechwriters say “The rich don’t pay taxes now but let’s get them to pay by electing me.” BS
Mark Levin had a guest at least once who added up the cost estimates of new promises for universal health care, millions of new illegals, new types of welfare and reparations to blacks. It would take every penny of the “rich” and the middle class, and add onto the national debt and still would not last to fund a full year!
Plus destruction of the economy by climate change regulations, retrofitting, no fracking, more money to China for products and supplies, and jobs for the competing millions of illegals rushing in——which will put millions out of work.
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