Biden: Your Taxes Will Be Raised, NOT CUT. (generations, Obama, insurance)

[BentBow]

Boot, meet throat.

Biden thinks raising taxes and reaching into the people's wallets is going to gain him votes.

[desertdetroiter]

So. We need to reverse the tax cuts anyway.

[phma]

Originally Posted by desertdetroiter

So. We need to reverse the tax cuts anyway.

Now that's funny !!!

[Jowel]

Since the OP's discussion doesn't give context, nor does the commercial that shows a short video clip of this same quote, I'll share these for consideration:

https://www.factcheck.org/2020/08/re...en-tax-remark/

https://www.politifact.com/factcheck...s-his-comment/

The main question I would have is if taxes are going to be raised, what will that revenue be used for? If it's for ensuring the solvency of social security and medicare for generations who are paying in now and have been for a long time but are still a ways away from collecting them, that's not a bad investment.

[natalie469]

His tax increase is only for those making $400,000 or more. I'm sure none of us here fall into that category. So why would we care.

[Elliott_CA]

Originally Posted by desertdetroiter

So. We need to reverse the tax cuts anyway.

I don't consider repealing Trump's tax cuts to be a tax increase. Pre-Covid Trump's tax cuts were not sustainable, they were causing near $1 Tril deficits.

The top tax rate for the wealthy should go back to 39.6%.
The corporate tax rate should be raised from 21% to 26%, to match what the EU has.
The estate tax should be reinstated back to $5 mil where it was.

[SandraMoore66]

Originally Posted by natalie469

His tax increase is only for those making $400,000 or more. I'm sure none of us here fall into that category. So why would we care.

Democrat politicians are known for saying one thing and doing another. Like telling us our health insurance costs will be cut in half.

[BentBow]

Originally Posted by natalie469

His tax increase is only for those making $400,000 or more. I'm sure none of us here fall into that category. So why would we care.

That won't be the case if he reverses Trump's Tax cuts.

[LS Jaun]

Originally Posted by SandraMoore66

Democrat politicians are known for saying one thing and doing another. Like telling us our health insurance costs will be cut in half.

I'm still waiting for all the money I will be saving from Obama care. Guess it went the way of my Doctor and my $500 deductible insurance

[LS Jaun]

Originally Posted by Elliott_CA

I don't consider repealing Trump's tax cuts to be a tax increase. Pre-Covid Trump's tax cuts were not sustainable, they were causing near $1 Tril deficits.

The top tax rate for the wealthy should go back to 39.6%.
The corporate tax rate should be raised from 21% to 26%, to match what the EU has.
The estate tax should be reinstated back to $5 mil where it was.

"To match what the EU has" What a joke