SHOCKING! The White House Wants to Raise Taxes - On The Edge CLIPS

Time to talk about Biden! I’m starting with the debt ceiling issue going around, and don’t get me wrong. I think the Republicans are completely hypocritical saying they’re the party of being conservative while they spend like drunken sailors. At least the Democrats admit to what they’re doing. And what they’re doing this week is attempting to restructure tax rates to include more Americans. They are even calling people that make over $600K “millionaires,” which, if you’ve passed 3rd grade math, you know is incorrect. I feel that if everything they want to pass this week does, this number will creep lower and lower.

I think the corporate tax rate should be 0 dollars. As a corporation, you are already taxed quite a bit, from paying out employees, to product purchases, and other reasons. The current administration wants to raise corporate taxes by 7% but do you think these corporations are going to just take a 7% hit? No, their prices will go up by at LEAST 7%. Welcome to one of the main causes of inflation. Additionally, who can’t afford a 7% increase in the cost of goods? Here’s a hint…it’s the same people the administration is trying to ‘help’ by raising taxes.

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