re: Biden wants america to have the highest corporate tax rate of any OECD nation

Whatever it takes? So you think the average family would be able to absorb 40-50% higher prices on goods and services to pay down the debt? Unfortunately, this is why America’s downfall is inevitable. There are too many voters who are economically illiterate. The US could save hundreds of billions of dollars a year simply by enforcing immigration laws and deporting the tens of thousands of illegal aliens in US prisons over the last 50 years who are a constant drain on the prison and welfare systems. That alone would cause no pain for 99.9% of Americans. You can’t tax your way out of over spending

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whatever it takes to balance the budget, JUST DO IT!

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except cut spending right? LOL

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Dems are fricking retarded when it comes to economics.

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They understand it but hate you. They want more of your money to make you poorer and enrich themselves.

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still maintaining the dreaded "Trump Tax Cuts For The Rich"

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Receipts are at an all time high and everyone that pays any income tax whatsoever got a tax cut. Telling you didn’t know this.

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Confiscatory taxes, windfall profits taxes, universal flat tax on all American wage earners of 45%-- whatever it takes to balance the budget, JUST DO IT!

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Or perhaps. Cut spending. Amazing that idea never entered your mind. Just take from those who have more than you. Typical leach Democrat. You’re disgusting.

Luckily you have zero knowledge of trust and international tax planning. Your plan won’t work.

Rinse and repeat

Muh CoRpOrate TaXes!!!

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We definitely need to continue investments through spending, and defense spending (which includes Ukraine and the Middle East), and healthcare, social programs spending, we need to SPEND.

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We don't have a revenue problem - we have a spending problem and you epitomize it here. The economy generally resists taxation above 20 to 21% and all your silly class warfare "soak the rich" rhetoric won't change that.

Until spending(austerity) is addressed, tax rate increases are actually counterproductive virtue signalling, as they will stall growth and shrink the pie susceptible to taxation.

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Dems are fricking retarded when it comes to economics.

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Most of these morons haven't run a lemonade stand let alone have to worry about running a business. They have no clue what it means to actually have to make money to run a successful business. Let's compare cabinet members. I'll use Treasure Secretaries just for fun. Keep in mind, this is not to compare how they acted at Sec. of Treasury or their failures/successes in the past. This is only to compare experience levels:


Janet Yellen:

• Career academic
• Graduated from Yale grad school in 1971
• Became an associate professor at Harvard immediately after graduation.
• Held various teaching positions until she's appointed to the Federal Reserve Board of Governor by Clinton in 1994.
• Has been in appointed positions every since drawing a paycheck FUNDED BY TAX PAYERS.


Steven Mnuchin

• Same Yale education
• Worked at Goldman Sachs for 17 years. Here are some of the positions he held. All had real life consequences...
-Head of the Mortgage Securities Department
-Overseeing mortgages, U.S. governments, money markets, and municipals at Fixed Income, Currency and Commodities Division
-Member of the Executive Committee and co-head of the Technology Operating Committee
-Executive Vice President and co-chief information officer
-Executive vice president, member of the Management Committee, and chief information officer

Biden's cabinet is filled with shite like this. Career politicians drawing a paycheck from U.S. tax payers doing whatever the frick they want with your money all while never knowing what it's like to face real consequences. How the frick could Biden EVER have an economic policy? He doesn't even balance his own checkbook let alone worry about economic policy.

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Biden wants america to have the highest corporate tax rate of any OECD nation
The amount of democrats (and frankly some anti corporate populists) who cannot grasp that corporate taxes are paid by everyday Americans in the form of reduced capital gains, reduced wages, higher prices, etc is staggering.

His budget today calls for raising it to highest in oecd

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I read the whole plan. Nothing but ridiculous virtue signaling. It has precisely 0% chance of passing.

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Spending cuts, or austerity, have led to riots wherever they've been instituted.

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Milei supposedly cut 30% in Argentina in his first month. There are no riots. Just a bunch of laid off government workers.

I'm not for raising corporate taxes but Germany will still take the cake. I'm guessing whoever did this "analysis" ignored the Gewerbesteuer.