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Prepare to bend over: Biden to announce 1.8 trillion in tax hikes - Updated expenditures

Posted on 3/30/21 at 12:45 pm
Posted by crap4brain
Louisiana
Member since Sep 2004
2501 posts
Posted on 3/30/21 at 12:45 pm
LINK

quote:

President Biden will outline his massive $3 to 4 trillion infrastructure plan Wednesday, which will create four tax increases worth around $1.8 trillion, the White House revealed.


Workers, you don't need that money you earned as much as someone who refuses to work.

quote:

As for the taxes, Biden’s main priority will be to raise the corporate rate from 21 percent to 28 percent.

Wave goodbye to jobs.

Updates on what your money is going to:
Electric vehicles: $174 billion to boost the markets for electric vehicles.
Civilian Climate Corps: $10 billion for new Civilian Climate Corps. It's unclear what this new unit will entail.
Affordable housing: $213 billion to 'produce, preserve, and retrofit more than two million affordable and sustainable places to live.' Includes 'project-based rental assistance.' $40 billion for public housing infrastructure.
HBCUs: $10 billion for R&D investment at historically black colleges and universities

LINK

Glad to see that our money is being spent on necessities.

This post was edited on 3/31/21 at 1:02 pm
Posted by TaderSalad
mudbug territory
Member since Jul 2014
24656 posts
Posted on 3/30/21 at 12:46 pm to
Thank you suburban women... and frick your feelings.
Posted by Centinel
Idaho
Member since Sep 2016
43337 posts
Posted on 3/30/21 at 12:46 pm to
Time to offshore again boys!

Posted by teke184
Zachary, LA
Member since Jan 2007
95744 posts
Posted on 3/30/21 at 12:46 pm to
I’m all good, I make under $400K a year.

/sarc


Yeah, we’re all fricked.
Posted by tigergirl10
Member since Jul 2019
10311 posts
Posted on 3/30/21 at 12:47 pm to
quote:

Thank you suburban women... and frick your feelings.
Plenty of dumbass guys who voted for liberal idiots.
Posted by Pettifogger
Capitol Hill Autonomous Zone
Member since Feb 2012
79231 posts
Posted on 3/30/21 at 12:47 pm to
Divorce 2024

Campaign Slogan - "Irreconcilable Differences"
Posted by tigerinthebueche
Member since Oct 2010
36791 posts
Posted on 3/30/21 at 12:47 pm to
But but but, he said he would only tax the rich!



















Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73772 posts
Posted on 3/30/21 at 12:47 pm to
"Hes only gonna raise taxes on muh rich!" - liberals of the OT
Posted by member12
Bob's Country Bunker
Member since May 2008
32096 posts
Posted on 3/30/21 at 12:48 pm to
I need specifics on what kind of infrastructure. If this is going only to blue states, then frick it all.

They better not be re-instituting SALT deductions either.
Posted by MorbidTheClown
Baton Rouge
Member since Jan 2015
65999 posts
Posted on 3/30/21 at 12:48 pm to
anyone who is genuinely shocked by this has had their head in the sand their entire life.
Posted by bayoudude
Member since Dec 2007
24958 posts
Posted on 3/30/21 at 12:48 pm to
Raises will be a thing of the past and so will the middle class
Posted by PorkSammich
North FL
Member since Sep 2013
14253 posts
Posted on 3/30/21 at 12:48 pm to
Thanks again soy boys.
Posted by LordSaintly
Member since Dec 2005
38914 posts
Posted on 3/30/21 at 12:48 pm to
quote:

Biden to announce 1.8 trillion in tax hikes


This can't be true. He said he would only increase taxes if you made more than 400K!
Posted by Beauw
Blanchard
Member since Sep 2007
3506 posts
Posted on 3/30/21 at 12:48 pm to
quote:

Thank you suburban women... and frick your feelings.


Maybe when their husbands are laid off and they have to trade in the Yukon XL they will begin to wake up.

Doubtful, but maybe
Posted by Bottom9
Arsenal Til I Die
Member since Jul 2010
21749 posts
Posted on 3/30/21 at 12:48 pm to
quote:

As for the taxes, Biden’s main priority will be to raise the corporate rate from 21 percent to 28 percent.


That certainly won't raise unemployment or send companies abroad
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 3/30/21 at 12:48 pm to
quote:

Workers, you don't need that money you earned as much as someone who refuses to work.


Im against the tax raises, but this statement makes no sense. It's a raise mostly on corporate rates for infrastructure.
Posted by The Quiet One
Former United States
Member since Oct 2013
11600 posts
Posted on 3/30/21 at 12:49 pm to
quote:

raise the corporate rate from 21 percent to 28 percent.


I don't think people understand just how brutal this is going to be. Companies don't just eat that 7%. Lot of jobs are about to vanish overnight.
Posted by crap4brain
Louisiana
Member since Sep 2004
2501 posts
Posted on 3/30/21 at 12:49 pm to
quote:

They better not be re-instituting SALT deductions either.


Trump giveth and Biden taketh away.
Posted by BearCrocs
Member since Aug 2013
6450 posts
Posted on 3/30/21 at 12:50 pm to
Well
Yeah, someone’s gotta pay for all those stimmy checks going to sha-nee-kwa
Posted by Eighteen
Member since Dec 2006
33881 posts
Posted on 3/30/21 at 12:50 pm to
Includes, but not limited to

quote:

a raise mostly on corporate rates for infrastructure
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