Good day all. Dementia Joe made a lot of promises during his basement campaign, one of which was to not raise taxes on the poor and middle class. Like all of his promises, this one came with a shelf life.
Recently, the Fake President put forward a budget that is extreme in it’s spending. In order to pay for this junk, Dementia Joe is looking at massive across the board taxes on anyone who happens to still be breathing Here are some of the details from Blaze Media:
President Joe Biden has repeatedly promised not to raise taxes on people making less than $400,000. It was a staple of his presidential campaign, and he continued to say it after being sworn in.
Most conservatives and honest observers didn’t believe him at the time. They saw his agenda, understood the price tag would be huge, and figured higher taxes for everyone would be inevitable.
The New York Times revealed this week that skeptics were right to give his “no taxes” vow the side eye after it obtained Biden administration documents showing the president’s actual tax-and-spend plans.
Less than two months into his first term, the president’s team already began changing the terms of Biden’s promise. No longer would his promise to not raise taxes apply to individuals making less than $400,000 — instead, the threshold would apply to families, CNBC reported.
I am absolutely NOT shocked by any of this. Biden has always been a liar, and has never met a tax he didn’t want to impose or hike. The level of taxes the Fake president wants to impose would literally, be crushing, driving many into potential bankruptcy and homelessness. It would also bring the economy to a screeching halt.
Now, as the White House prepares to officially present its new budget, it appears that Biden’s promise is getting another revision.
Already? Now what?
The Times reported Thursday that the president’s massive new budget, which he will unveil Friday, “would take the United States to its highest sustained levels of federal spending since World War II.” Biden’s budget, which starts with a $6 trillion spending plan for this year, would increase total annual spending to $8.2 trillion by 2031.
Can we say “Economic collapse?” SURE we can! As you would expect, this out of control spending has to be paid for, and their primary targets of corporations and “The rich” simply won’t be enough.
But everyone knows that won’t be enough to cover all the new spending, particularly since the administration has said the “jobs and families plan would be fully offset by tax increases over the course of 15 years,” the Times noted.
Talk about a misnamed bill. This would be the no jobs and starving families plan. There is only one way the can pay for this, rob every working American of every dime they can steal.
The Times exposed what the text of the documents it obtained: tax hikes for all income levels.
“The documents forecast that Mr. Biden and Congress will allow tax cuts for low- and middle-income Americans, signed into law by President Donald J. Trump in 2017, to expire as scheduled in 2025,” the Times reported. “Mr. Biden has said he will not raise taxes on people earning less than $400,000 a year. It is possible that he could propose to extend the Trump tax cuts for those earners in a future budget, potentially coupled with additional tax increases on high earners or businesses.”
But there are zero reports of any such proposal even being discussed by this White House.
“President Biden’s budget blunder sets us up for an even worse economic recovery than the Obama-Biden record of the slowest in history,” House Ways and Means ranking Republican Kevin Brady (Texas) said, according to the Times. “Lower- and middle-income families are already suffering under the stealth tax of higher prices. Now the president wants their income taxes to go up as well.”
Dementia Joe fully intends to rape the middle class, and you can bet that none of the rich elites of the CommuNazi Party will pay anything more then an “Appearance tax.” By that I mean it will appear that they are paying more taxes when they aren’t. Even if those morons do try to really stick it to the Bezos and Gates’s of America, they can simply take their money and leave the country. It’s happened before.
While they haven’t said anything, I won’t be at all surprised if their next target is the 401K and IRA accounts that Americans have been using to build up their retirement savings. There is probably $20 Trillion dollars in those accounts and you know they are thinking that it belongs to the Government.
The good news, such as it is, is that the Republicans are flat out going to do everything they can to stop this and even some of the CommuNazis are looking at what the Fake president and the Presidential Junta have in mind. It’s already very likely that the House and Senate will flip solidly back to the Republicans, with many of the new faces being from the “Deplorable” wing of the Party. If the Democrats pull their usual shenanigans to jam this through, and they crater the economy, they will be lucky if the next “Storming of Fort Pelosi” is as peaceful as the last one. Call your Representatives and Senators and tell them that if they vote for this, they better have a new job lined up in 2023.
Thatisall
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