Biden’s Tax Plan Could Prove a Nightmare to Workers
(UnitedVoice.com) â The US economy is steadily recovering from the COVID-19 shutdowns. Experts are even predicting 2021 will see a full recovery. That is unless Joe Biden becomes president and implements his terrible tax plan.
Throughout the presidential campaign, Biden said he was going to get rid of President Donald Trumpâs 2017 tax cuts. He claimed itâs time to make corporations and the wealthy pay their âfair share,â a statement often parroted by the far Left.
Trump tax cuts gave back over $8k to avg person. Tax cuts >$2k/yr. Corp tax cuts incr wage rates. Biden is raising capital gains tax: hits 46% of Americans & every small business. Biden puts back 16 oâcare taxes, incr gas taxes, & adds carbon taxes. pic.twitter.com/NAOQZz2Z0x
â Guess Who Is (@ConfusedPOLs) December 18, 2020
Does attacking the countryâs job creators at a time when the country is recovering from an economic downturn and millions of people are unemployed seem like a bright idea? Studies have already shown his plan will cause the GDP to shrink and that could lead to even more lost jobs. Itâs as if Biden sat down, asked what the worst tax plan would be, and then declared thatâs the one heâs going to try to push through. Letâs hope he never gets that chance.
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