Bungling Biden is planning the largest tax increase in America since 1968 to pay for an hugely expensive program of "infrastructure" renewal that is due to be announced today.
The four-pronged proposal aims to raise at least $1.8 trillion over ten years by increasing taxes on working Americans.
Bumbling Biden’s tax plans to pay for his “build back better” campaign are expected to be almost as large as LBJ’s increase of 1.74 per cent of GDP to help to foot the enormous bills for the
DEMOCRAT-instigated Vietnam War and his "War On Poverty".
He will reverse President Trump’s tax cuts of 2017.
This latest boondoggle comes on the heels of the bungler’s $1.9 billion porkulus payout passed last month with only
DEMOCRAT votes.
https://www.thetimes.co.uk/article/president-joe-biden-plans-big-tax-rises-to-fund-1-8trn-rebuild-xgzs03chf
Bungling troll who refuses to reflect on atrocities committed by the former fake and GOPer sold out Putin owned tRump insurgency that added $7 trillion to the national debt at giving heinous tax breaks to the rich and greedy while starving the working, middle class and retirees. Also, President Biden's hikes at making them pay their fair share instead of living it up on the back of the working and middle class is not the largest tax hike in history. Consider some facts versus your misconstrued and skewed trolling facts, and also comparing a professional with about 50 years of political and fiscal responsibility and experience like President Biden is like comparing a giant to a POS like you, tRump, fiscal irresponsible GOPers who create deficits but complain and attempt to take it out on society, and including other worthless and fact free trolls:
Fact check: Joe Biden’s proposed tax increase is not the largest in U.S. history
Social media users have been sharing content online that claims Democratic Presidential nominee Joe Biden’s proposed tax hike will be the largest tax increase in the history of the United States. This claim is false. Placed in historical context, Biden’s proposed tax plan is not the largest in U.S. history.
An example can be seen here , in a political advertisement by the Preserve America PAC.
In the 15-second video, the narrator explains that Biden wants a $4 trillion tax increase which is “the largest tax increase in American history”.
The narrator says: “For 47 years, Joe Biden’s been digging a hole for American workers. He voted to ship our jobs overseas. Now he’s proposing the largest tax increase in American history. It’s time for Joe Biden to stop digging.”
Trump has said multiple times that Biden wants to impose a $4 trillion taThe claim seems to view the $4 trillion increase as the literal dollar amount and not in historical financial context as a percentage of GDP, which makes the claim incorrect when comparing Biden’s plan with other tax increases in history.x hike ( here , here ).
The claim seems to view the $4 trillion increase as the literal dollar amount and not in historical financial context as a percentage of GDP, which makes the claim incorrect when comparing Biden’s plan with other tax increases in history."
https://www.reuters.com/article/uk-...-not-the-largest-in-u-s-history-idUSKBN2772UL
