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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