Joe Biden's massive $2 trillion "Infrastructure plan" is in fact another giant tax hike disguised as a jobs program.
Even the tax hikes now being discussed won't come close to covering the spending increases.
Let's review: During the pandemic year, the U.S. spent $6.5 trillion, a 47% surge in just one year.
Just this week, Treasury Secretary Janet Yellen "Called for countries around the world to adopt a global minimum corporate tax as part of the Biden administration's push to hike rates and fund the $2.3 trillion infrastructure bill," the British online Daily Mail wrote.
As a simple calculation, if taxes come in at about their recent average, you'll get only $80 billion more a year with Biden's corporate tax hikes.
That's $1.2 trillion in corporate tax revenues over 15 years.
Don't forget: Corporations will be raising prices, hiring less, handing out fewer bonuses and lower pay hikes, and trimming back their dividends to make up for the Biden tax hikes.
https://issuesinsights.com/2021/04/06/will-you-be-drowned-by-bidens-coming-tidal-wave-of-tax-hikes/
No comments:
Post a Comment