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Joe’s New Tax Hike Is Higher Than Communist China’s

What has America become?

Biden will travel to Pittsburgh Wednesday to present a 2.25 trillion dollar package that would, if passed into law, increase the corporate tax rate from 21 percent to 28 percent, outdoing Communist China’s corporate tax rate of 25 percent, just after former President Trump lowered the tax from 35 percent to the current 21 percent.

According to the Washington Post, “The proposal would also increase the “global minimum tax paid from about 13 percent to 21 percent, as well as other measures aimed at taxing corporations that shelter profits offshore to avoid taxes.”

The proposal is already being met with some criticism on both sides of the aisle.

Rep. Alexandria Ocasio-Cortez (D-NY) tweeted Wednesday Biden’s effort is lacking urgency. “This is not nearly enough,” she said:

The top Republican on the House Ways and Means Committee, Rep. Kevin Brady (R-TX), also condemned the plan due to the United States remaining in an economic crisis. “No president has ever raised business taxes to recover from an economic crisis. This couldn’t come at a worse time,” he said.

Ann Wagner (R-MO) agreed. “Why, as this country begins to reopen and recover economically, would the Biden administration be proposing tax policy which would, in the end, hurt the American family and millions of struggling small businesses?”

Senate Minority Leader Mitch McConnell (R-KY) said on March 16 that Republicans would not support tax increases to pay for infrastructure. “I don’t think there’s going to be any enthusiasm on our side for a tax increase,” he said.

Sources: Breitbart: Joe Biden to Tax American Business at Higher Rate than Communist China

What do you think?

Written by Joshua Jackson

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  1. Bean Brain Biden started out of the gate as a job killer and now he is trying to be a corporation killer It is the same agenda of Obama set in place by none other than George Soros To have only government owned These are morons and that little bastard Soros made all of his money from non profit Does that sound like great deal He is a crook and he wants to be the ruler We are not going to allow these things to happen and Biden run this country He couldn’t run his finger up his nose I was nice but I thought about it We are not as citizens going to have these people take our way of life from us because have these idiots that think they know but they are like AOC She is as dumb as a box of rocks She believes all of those fairy tales she hears She probably got a lot of it from drunks at the bar she worked at A lot of the garbage she comes up with is right out of Jack and Jill

  2. America do you hear that sucking sound that’s jobs going back to China. Way to go democrat voters.

  3. They all are a bunch of Communist QUEERS! They also are a bunch of RED CHINA LACKEYS!How the REAL Patriotic Americans are tolerating these Disobedient FREAKS is beyond me! We have them outnumbered Populationwise! We could run them out of office by shear numbers if we really wanted too! This DAMN CRAP wouldn’t have been tolerated back in the 1940’s, 50’s and the early 1960’s! You can very well be assured of that ! Those Americans then, had NERVE and MOXIE!Tell these Communist THUGS OFF!

  4. This administration wants to hurt Americans. They think the sooner they destroy this nation, the quicker than can rebuild it into a Communist nation. They are so far left that Socialism isn’t good enough for them. Americans better unite and let our voices be heard. This admin is so corrupt that we can’t wait until 2024 to attempt to vote them out. However, they are so corrupt and they have main stream media and big tech covering for them so that keeps many unaware of what is really going on.. They have perpetrated fraud on the American people and Americans need to do something. They are only public servants and need to be reminded of their place in our society..

  5. China is smarter than the Biden admin. Unfortunately Biden and his admin don’t have any business experience. If you have been a public servant all of your adult life, you don’t have the economic sense to know how to spur an economy. But, I do think they want to wreck our economy and build back as a Communist nation. People were worried about Socialism, I think this admin will take us much further to the left.

  6. It must be higher to include the appropriate share for Uncle Joes ChiCom buddies… What has America become: If Uncle Joe gets his way, the answer is “a province of Greater China”.

  7. I still say whoever is giving Biden his orders is to make the country fail and begin aqs a communist country This will not be socialist you will be told what and when to do until they fail and the country looks like Cuba or Venezuela No I do believe the great people of this country will keep it free and I do not mean our people in government and not the armed forces It will be people with common sense Our people in government can’t be included because they make their decisions on how it will effect them and not the people that they represent That is the military next and I said common sense Most career officers always look at the reflection of them So they become very short armed It will be people that want to kick ass and take names that want the country the way it is supposed to be The US leading the world in everything We are not here to pay out of this world taxes to aid other people or countries That is not how we were born and it is the only way to keep it going So get off your ass and make a difference Don’t worry about the liberal sons of bitches They should only be as strong as we allow them to be and I mean that they must obey the laws of our country or get on their way to a place that they like better We are not in a position to make deals anymore If worthless Biden starts his garbage about taxes then you claim 9 on your w4 and refuse to pay the tax They can’t lock up everyone This is wrong what nitwit is trying to pull on the backs of the working citizens Hey Biden FY

  8. Biden is well on his way to becoming the most hated “president” in this country’s history.

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