Bungling Biden pitches largest tax hike in history as part of $5.8T budget beg

I guess we need to start with "if you can't do simple math then we can't help you."

The US spent $2.159899 trillion 20 years ago.

5.8/2.159899 = 268% Not the 310% claimed.

That raises the question of how close you are with the population increase %. Hey, only off by 1.25% there.

But then it completely ignores inflation which is the normal reason for price increases.
 
Poor Richard Saunders said:
I guess we need to start with "if you can't do simple math then we can't help you." The US spent $2.159899 trillion 20 years ago. 5.8/2.159899 = 268% Not the 310% claimed. That raises the question of how close you are with the population increase %. Hey, only off by 1.25% there. But then it completely ignores inflation which is the normal reason for price increases.
Click to expand...

Bidenflation.
 
you are such a moron you really think biden has had more than a tiny effect on inflation. all that bullshit has been debunked, but your head was so far up trump's ass you did not hear about it.
 
Legion said:
Bidenflation.
Click to expand...

The funny thing is Biden is proposing spending that is 18% less than what was spent during Trump's last budget year.
Shouldn't you be referring to it as Bidendeflation?

Thank God we have Biden to reduce government spending from the run away spending under Trump.
 
It remains unclear whether congressional DEMOCRATS will approve of bungling Biden's pilfering plan.

Tax experts are also skeptical about the feasibility of the preposterous proposal.

John Gimigliano, the head of federal legislative regulatory services at KPMG, says the proposed tax is "likely to be a slow burn."

He said, "It’s very difficult to find instances in the Internal Revenue Code in which Congress has chosen to tax unrealized gains – it’s almost taboo."

Bungling Biden also proposed raising the corporate tax rate to 28% and pitched a global minimum tax.

Arizona Sen. Kyrsten Sinema has previously said that she will not support a corporate tax increase.



https://www.foxbusiness.com/politics/biden-tax-hike-budget-request
 
Manchin on Bungling Biden's Tax: 'You Can't Tax Something That's Not Earned Yet.'

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GROPIN' JOE PREFERS MINORS TO MINERS​




West Virginia's Joe Manchin keeps saying out loud the parts that Bungling Biden would rather keep quiet.

Thanks to election cheating, DEMOCRATS hold exactly 50 seats in the Senate, and thus need every DEMOCRAT senator to pass a party-line vote; Joe Manchin, the Senate's most centrist DEMOCRAT, has consistently resisted.

But the problem is not only that Manchin is withholding his vote. It's that Manchin keeps bluntly and accurately describing the problems with bungling Biden's putrid policy proposals in public.


Take, for example, bungling Biden's recently proposed tax scheme, disingenuously dubbed the 'Billionaire Minimum Income Tax', which taxes realized and unrealized gains.

Under this slimy scheme, non-cash holdings could be taxed based on an assessed change in value.

So a home or property that increased in value but was not sold would generate a federal tax obligation, even though the owner saw no money from the increase.

The usurper's illegitimate regime has dubiously described the tyrannical tax as "a prepayment of tax obligations these households will owe when they later realize their gains."

This is a stretch at best, an intentional abuse of language for political reasons at worst.

But when asked about the plan yesterday, Manchin engaged in no such obfuscation.

"You can't tax something that's not earned yet. Earned income is what we're based on," he told The Hill.

Manchin's underlying point is quite clear. The bungling Biden brain trust is proposing taxing income that is not income.

The preposterous proposal treats money that has not been earned, but might hypothetically be earned at some future point, as money that an individual already possesses.

It's an attempt to tax money that people haven't made, and might not make at all.

Manchin has made admirably direct statements like this all throughout bungling Biden's illegitimate Reign of Error, frustrating the bungling Biden agenda in the process.

Good for him.










https://reason.com/2022/03/30/joe-manchin-on-bidens-wealth-tax-you-cant-tax-something-thats-not-earned/
 
Every time you see a democrat try to explain anything financial (or just using simple math) you quickly realize they are products of their own public educations. Dumber than fuck.
 
Poor Richard Saunders said:
I guess we need to start with "if you can't do simple math then we can't help you."

The US spent $2.159899 trillion 20 years ago.

5.8/2.159899 = 268% Not the 310% claimed.

That raises the question of how close you are with the population increase %. Hey, only off by 1.25% there.

But then it completely ignores inflation which is the normal reason for price increases.
Click to expand...
inflation only became an issue in 2021......
 
Sailor said:
Every time you see a democrat try to explain anything financial (or just using simple math) you quickly realize they are products of their own public educations. Dumber than fuck.
Click to expand...

Can you EVER address the subject? Can you actually add some information? Your drive-by insults are so jejune.
 
Nordberg said:
Can you EVER address the subject? Can you actually add some information? Your drive-by insults are so jejune.
Click to expand...

I address the subject all the time. With coherent, intelligent people. Of which you are not. Just some dumb fuck welfare collecting democrat who quite honestly is not worth the sweat off my balls. Be gone lazy one. Get a job. Fight for your country. Do something other than just take asshole.
 
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