California Businesses Leaving
Even Bill Maher has recognized the result of unchecked progressive policies and out-of-control taxation in a once-thriving state. There are lessons to be learned here, folks. More from PragerU.
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Archive for the tag “corporate taxes”
Joe Biden: Tax Hiker In Chief
Should we ever see a President Biden in office, be prepared for the same old Democrat Party policies of taxing and spending with abandon, damn the American people.
In an interview with The New York Times, Biden says there’s no reason why the top income tax rate shouldn’t be 39.6 percent. And it won’t stop there. Hiking the corporate number from 21 to 28 percent and the capital gains rate is also in the cards. Bad timing for the country, says Brian Brenberg, a Kings College professor and Fox News contributor. “The economy is at an inflection point right now,” he says. “We’re wondering whether the economy is going to continue to gain steam, is it going to lose steam. People are really worried about their jobs, about their paychecks.”
Brenberg went on to emphasize that imposing these massive tax hikes will have a devastating effect on jobs. Brenberg says small businesses hire on a prospective basis, taking note of the capital they have to plan for the future. Massive taxes would force them to curtail hiring and even lower salaries. Here more on Fox News.
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Democrats’ Disastrous Tax Plan
Never mind that Joe Biden’s health has dominated the headlines recently. If he were to somehow win the White House in November, his invasive tax plan would be enough to blow your wits.
Unveiling what appears to be the most progressive economic proposal in the history of presidential politics, Biden’s plan would cost Americans about $3.35 trillion over the next decade. Says Valuetainment host Patrick Bet-David, “That means $3.35 million of American peoples’ money is going to the government over a decade. That’s a lot of money.”
In line with the Democrat Party’s longstanding history of taxing the electorate into the ground, Biden’s proposal is targeting the likely suspects–corporations, capital gains and personal income. The most egregious tax increase will fall on long-term capital gains, taking the number from the current 20 percent to 39.6 percent, highest ever.
Bet-David is joined by financial entrepreneurs, Tom Zenner and Adam Sosnick to break down the Biden tax plan and its potential for disaster.
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