Biden calls for new social programs, higher taxes on corporations and wealthy: open

Into the Night

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Yet another censorship attempt. Bringing it out from the kiddie pool.

The OP:
That spending would be more than offset by dramatically increasing taxes on the wealthiest individuals and corporations, the White House said. Biden’s budget would increase the minimum tax on billion-dollar corporations to 21 percent from 15 percent. It would raise taxes on U.S. multinationals’ foreign income to 21 percent from 10.5 percent, and eliminate some tax deductions for executive compensation.

https://www.washingtonpost.com/business/2024/03/11/biden-budget-campaign-taxes/

Once again, Biden discards the Constitution. He has no authority to tax activity in foreign nations. He has no authority to 'tax the rich' any more than anybody else.
 
Commies starter kit,

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Well put, but you forget a step. Fascism is a stepping stone on the way to communism. Who said that? Karl Marx.
 
Trump cut taxes, like all Republican presidents do, on the wealthy and corporations. He cranked our deficit up about 8 trillion dollars. Poor stupid rightys applauded that. Well he tossed little tax cut our way too, so it is all right, Can you guess which part of it had sunset provisions? Of course. Your tax cut is gone. Trump is a billionaire and you idiots think he understands your problems and how you live. He does not care about you at all.

Trump cut taxes for everyone, not just the wealthy.
Cutting taxes does not create deficit spending. Overspending creates deficit spending.

You still don't understand capitalism at all. Trump has to care, or he makes no money! Businesses have to care about their customers, or they go out of business!
 
Taxing the wealthy and corporations is not socialism,
Yes it is, Sock.
but how American was built.
It is not how America was built. Socialism is theft of wealth.
When Ike was prez we built the highway system.
Wrong. The Interstate Highway authority was commissioned. The freeways were built over a couple of decades. It is paid for by gasoline taxes, not income taxes.
The top tax rate was over 90 percent.
Of 1956 money, which was worth considerably more back then. Thanks to inflation, mostly by a Democrat congress and by a Federal Reserve given fiat power by a Democrat, a dollar in a dollar today is worth only 1.7 cents in 1956 dollars.
There were still very rich people.
Just like today. Changes nothing, Sock.
We have slashed the tax rates of the wealthy and corporations repeatedly since then.
Blatant lie, Sock.
That is why our infrastructure decayed.
It is not. Governments where this is a problem simply refuse to spend the gasoline taxes they collect on maintaining the roads.
It is why we have such a terrible healthcare system.
The healthcare system is largely government run now. That's why it's terrible. Back in 1956, healthcare was excellent because it was private.
Teddy warned us about the dangerous wealthy acting behind the scenes to take power.
Like Obama, Biden, Soros, etc.
He said they were a threat to the American experiment. https://www.azquotes.com/author/12606-Theodore_Roosevelt/tag/wealth
No. DEMOCRATS are. It is DEMOCRATS that discard and deny the Constitution and all State constitutions. It is Biden committing treason after treason.
 
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