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Psaki: Businesses Won’t Raise Prices If We Raise Taxes

Posted on 3/19/21 at 10:46 am
Posted by jatilen
Member since May 2020
13608 posts
Posted on 3/19/21 at 10:46 am
quote:

During an interview aired on Thursday’s “MSNBC Live,” White House Press Secretary Jen Psaki reacted to concerns that corporations will raise prices if taxes on corporations are increased by stating that President Joe Biden believes people “know that corporations do not need to raise the cost of goods in order to pay more taxes and pay more of their fair share.”

Host Hallie Jackson asked, “Of course, he could only do so much if corporations end up raising prices on things if they end up having a tax hike as well, right?”

Psaki responded, “He also believes that the American people are smart. They’re invested in this. They’re going to pay attention and that they know that corporations do not need to raise the cost of goods in order to pay more taxes and pay more of their fair share.”


LINK
Posted by glassman
Next to the beer taps at Finn's
Member since Oct 2008
116108 posts
Posted on 3/19/21 at 10:47 am to
Posted by Smokeyone
Maryville Tn
Member since Jul 2016
15934 posts
Posted on 3/19/21 at 10:47 am to
Time to circle back to economics class.
Posted by Wally Sparks
Atlanta
Member since Feb 2013
29151 posts
Posted on 3/19/21 at 10:47 am to
Posted by Cdonaldson27
New Orleans
Member since Oct 2015
1055 posts
Posted on 3/19/21 at 10:47 am to
L O' Fn' L
Posted by Champagne
Already Conquered USA.
Member since Oct 2007
48328 posts
Posted on 3/19/21 at 10:47 am to
Perfect propaganda positioning - when prices do in fact go up, the Biden Admin can point the finger of blame at "dirty greedy Corporations" - They didn't need to raise prices! They're just GREEDY !

Posted by ShakeandBake
Member since Aug 2019
1161 posts
Posted on 3/19/21 at 10:48 am to
Good heavens liberals are economically stupid.
Posted by Lg
Hayden, Alabama
Member since Jul 2011
6816 posts
Posted on 3/19/21 at 10:48 am to
When and how did we let our government become filled with IDIOTS? Shame on US!!
Posted by Jspaspa3303
Member since Jun 2020
2382 posts
Posted on 3/19/21 at 10:48 am to
Clown fricking world .
Posted by El Segundo Guy
SE OK
Member since Aug 2014
9581 posts
Posted on 3/19/21 at 10:49 am to
quote:

He also believes that the American people are smart


No, not really.
Posted by TBoy
Kalamazoo
Member since Dec 2007
23698 posts
Posted on 3/19/21 at 10:49 am to
This is a great conversation starter.

In response we will hear a hundred right wingers who defended Trump imposing tariffs (taxes) on the majority of our economy assert that resetting business taxes to about what they were before Trump will kill the economy.
Posted by dakarx
Member since Sep 2018
6833 posts
Posted on 3/19/21 at 10:49 am to
Is she from the planet Moronus?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73560 posts
Posted on 3/19/21 at 10:49 am to
Lol @ c on z and company
Posted by RoyalAir
Detroit
Member since Dec 2012
5886 posts
Posted on 3/19/21 at 10:50 am to
This "administration" is a bigger joke than many of us thought it'd be.

They're pushing people into a corner.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73560 posts
Posted on 3/19/21 at 10:50 am to
quote:

In response we will hear a hundred right wingers who defended Trump imposing tariffs (taxes) on the majority of our economy assert that resetting business taxes to about what they were before Trump will kill the economy.


What products were we taxed on and how much was the increase on daily products used by the public?
Posted by BiteMe2020
Texas
Member since Nov 2020
7284 posts
Posted on 3/19/21 at 10:51 am to
She probably has My Little Pony bed sheets, too.
Posted by midnight_chopper
Member since Mar 2018
637 posts
Posted on 3/19/21 at 10:51 am to
Well technically, they don’t have to raise prices. They could also recoup the costs through layoffs, cuts in benefits, etc.
Posted by FATBOY TIGER
Valhalla
Member since Jan 2016
8883 posts
Posted on 3/19/21 at 10:52 am to
Sad thing is, biden shite for brains, psaki tow the line and the media truly believe this.
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
11803 posts
Posted on 3/19/21 at 10:52 am to
I still think the biggest edge to attack corporate tax hikes is that they are actually taxing everyone's retirement plans (401k, IRA, Pensions) as the majority of these retirement vehicles are heavily invested in corporations.

Posted by the808bass
The Lou
Member since Oct 2012
111513 posts
Posted on 3/19/21 at 10:52 am to
quote:

This is a great conversation starter.


It is. It usually demonstrates people have no standards other than politics and no ability to introspect.
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