Biden Is as Giddy About Proposing $2 Trillion in New Taxes as He Is for Each Coming Tapioca Night

A transformative vegetable.

He's angry about Obama disrespecting and insulting him -- for the first time in my adult life, I'm proud of Obama -- and is getting his stupid vengeance by out-woking and out-leftwinging even Obama. He's an extremely egotistical guy.

Did you know he was an All-American Flankerback for the University of Delaware in nineteen aughty-six? He actually almost accepted a commission to go to Annapolis but he decided against it because they had a quaterback named Roger Staubach and he wouldn't have needed an All-American Flankerback.

He also marched on Selma about forty-seven times. No wait -- forty-eight times. He forgot the time when he was Literally a Puerto Rican Freedom Fighter and joined a march in Brown-Black solidarity.

Remember, this is the man NeverTrump sold as a moderate centrist. And also, as being smarter and more psychologically centered than Trump.

Can't wait to read Jonah Goldberg's praise of Biden's new tax scheme.

President Biden is set to formally propose an array of tax increases on wealthy individuals and corporations in a budget plan that he says will reduce the deficit by $2 trillion over the next decade, setting up a battle royal with Republicans on Capitol Hill.

Right, Democrats famously raise taxes by trillions and then devote every single dollar of that sweet new Government Allowance Money to paying down the previous debts they've run up. They don't just spend the money on Hot New Government Spending for their client groups while also borrowing more money or anything.

So yeah, this two trillion? Right into deficit reduction.

Bank on it. My word as a Biden.

Biden told lawmakers during his State of the Union address last month that his budget will lower the deficit and extend the solvency of the Medicare Trust Fund "by making the wealthy and big corporations begin to pay their fair share."

He has pledged not to raise taxes on anyone earning less than $400,000 annually.

The White House on Tuesday unveiled a proposal to raise the Medicare surtax on earned and unearned income above $400,000 from 3.8 percent to 5 percent.

Late last month, the president proposed a new tax on wealthy households that would require individuals and families worth more than $100 million to pay a 20 percent tax on income and the unrealized gains of liquid assets such as stocks.

Republicans say Biden's budget will be dead on arrival when the president formally sends it to Capitol Hill on Thursday.

"You know the president's budget is replete with what they would do if they could -- thank goodness the House is Republican -- massive tax increases, more spending," Senate Republican Leader Mitch McConnell (Ky.) told reporters.

...

Biden is expected to reintroduce two staples of his 2021 Build Back Better agenda, raising the top marginal income tax rate from 37 percent to 39.6 percent and raising the corporate tax rate from 21 percent to 28 percent.

So centrist!

posted by Ace at 05:00 PM

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