JFlorio Loc: Seminole Florida

In case you missed it I have called Biden a liar for saying his new tax legislation wouldn't affect anyone who makes under $400,000. Here's a couple examples. He proposes to take the marginal rate from 37 some % to 39. The bill eliminates the $20,000 deduction for pass through business entities. These are small business's. The backbone of our economy. Raising the corporate tax rate will decrease wage growth and make us the highest corporate rate in the major economic countries. Higher than our main competitor China.
Another thing to watch: The economy is humming along pretty well. All the government has to do is get out of the way. Instead they are hell bent on wrecking it. A tax hike will slow the economy. We all know it. Why incorporate here when you get a lower rate somewhere else? Our biggest competitor is China. Our corporate rate will be higher than theirs. On top of that with hyper-inflation looming on the horizon why would you spend 5 more trillion dollars you do not need to spend? Believe me people, this bill is not about build back better. It is a power grab plain and simple.

microphor Loc: Home is TN

I 100% agree. This bill is a farce and at a time when Americans, blue collar and impoverished, are still reeling from shut downs.

JFlorio Loc: Seminole Florida

It sure isn't about building back anything better. It almost reads like a list of things to do if you want to tank the economy?

Canuckus Deploracus Loc: North of the wall

The economy is going well??

JFlorio Loc: Seminole Florida

By economic measurements it is. Of course they leave out inflaton.