Political Quotes

“President Biden released his budget on Monday, and, predictably, it was filled with the same old, tired, tax- and-spending proposals--so much spending and so many taxes. All told, the President's budget raises taxes by a staggering $5 trillion. You heard that right--$5 trillion. His corporate tax hike and capital gains tax proposals would both raise rates higher than those in communist China. Many small businesses would see a hefty tax hike under the President's proposal, and most Americans would see an income tax hike, as his budget would allow current income tax rates to expire after 2025--so much for the President's commitment to not raising taxes for anyone making under $400,000. Something President Biden and Democrats never seem to understand is that raising taxes has consequences. The corporate tax hike that President Biden would like you to believe will be borne by CEOs and CFOs--in fact, that tax hike would hit working Americans hard. Studies have shown that workers bear a huge percentage of the burden of corporate income taxes. Impacts aren't just limited to workers employed by corporations. Corporate tax hikes can hit all Americans in the form of higher prices for goods and services. Or take President Biden's proposed tax hike on gas and oil, which would be on top--on top--of the energy tax hikes he has already imposed.…”