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Biden: Tax The Rich...LOL, JUST KIDDING

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President Biden said he will "raise taxes" on billionaires. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://thehill.com/homenews/senate/3880256-biden-to-trigger-tax-fight-senate-democrats-dont-want/

"President Biden will trigger a fight over raising taxes when he introduces his budget plan next week, something that Senate Democrats who face a tough road ahead to protect their majority aren’t clamoring for, especially in West Virginia, Montana and Arizona.

Democrats campaigned on repealing the Trump-era tax cuts ahead of the 2020 election but fell short after Sens. Kyrsten Sinema (I-Ariz.) and Joe Manchin (D-W.Va.) balked at key elements of Biden’s tax plan, such as raising the corporate tax rate to 29 percent and the top marginal income tax rate to 28 percent.

Talk of repealing any of the Trump tax cuts before the 2024 election had fallen off the table and Senate Democrats have recently steered clear of insisting that any deficit reduction plan that comes before Congress this year include big tax increases."

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230302__TA01Biden
Category
Europe
Tags
230302__TA01Biden, News, Politics
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