The sheep are going to be sheared…
The Biden regime is coming to increasingly resemble King George of England and in addition to taxation without representation, there will soon be a major increase in those taxes to fund programs that will put America in alignment with the globalist Great Reset plan to use COVID and climate change as battering rams to usher in their utopian world order.
Now that the massive $1.9 trillion COVID “stimulus” bill is a done deal, good old Joe from Scranton – or more aptly, those who pull his strings – are preparing a major push to cram a second such package through Congress that is even more of an obscene giveaway to special interests than the first and will be focused on the Green New Deal initiatives that were originally championed by scatterbrained former bartender Alexandria Ocasio-Cortez.
The coming package, estimated to be around a staggering $4 trillion will underwrite the implementation of the Green New Deal provisions under the pretense of infrastructure in adherence with the creepy Orwellian slogan of Fuck You Harder Build Back Better that has been adopted by the globalists and their puppets within the U.S. political system.
Who’s going to pay for it all?
It isn’t going to be the chiselers and moochers who comprise the Democratic party base, that’s for sure.
Biden Plans Biggest Federal Tax Hike Since 1993 To Fund Infrastructure, Climate Initiatives https://t.co/M4Gy98WeVD
— zerohedge (@zerohedge) March 15, 2021
Via Fox News, “Biden reportedly planning first major tax hike since 1993 in next economic package”:
President Biden is reportedly planning to include the first major tax hike in close to 30 years in the next economic spending bill set to follow his $1.9 trillion coronavirus relief package.
The next spending initiative — which is expected to be even bigger, costing as much as $4 trillion — won’t rely on just government debt as a funding source and could include an increase in both the corporate tax rate and the individual rate for high-income earners, according to Bloomberg News, citing a person familiar with the matter.
The planned changes include: raising the corporate tax rate to 28% from 21%, raising the income tax rate on individuals earning more than $400,000, expanding the estate tax, creating a higher capital-gains tax rate for individuals earning at least $1 million annually and paring back tax preferences for so-called pass-through businesses.
The White House did not immediately respond to a FOX Business request for comment.
The tax hike is expected to be sugar-coated by being directed at corporations and high wage earners but don’t be fooled, it’s only the camel’s nose under the tent as the anti-American ideologues in Biden’s administration drag the nation closer to the socialism that they are determined to impose as the economic strip-mining continues with only token resistance.
As for Republicans in Congress? You can rest assured that they will be fighting to the end to preserve the estate tax for billionaires.
