politics

Biden is taxing corporations & wants billionaire tax

From WaPo:

In a fiscal review of the policy, the nonpartisan Joint Committee on Taxation estimated last year that about 150 corporate taxpayers could be forced to pay the new tax, later finding it could generate more than $222 billion in federal revenue over the next decade.

From POTUS Twitter:

A billionaire minimum tax of just 25% would raise $440 billion over the next 10 years.

Imagine what we could do if we just made billionaires pay their taxes like everyone else.

The US treasury, thanks to the 5% Fed rate hike, handed out $1 TRILLION interest income payment to the rich people just in 2023 alone.

This is a joke. They’re getting back much much more than however much is being taxed from the proposals.