20230309 - Liberty Minute
Biden’s budget proposal is out.
I'm Peter Serefine with this week's Liberty Minute brought to you by Liberty Lighthouse Wellness, my new made-in-America supplement line. Find them in the Shop at Liberty-Lighthouse.com
President Biden’s budget suggests increasing the corporate tax rate from 21 percent to 28 percent, ensuring that “large corporations pay their fair share.” The administration estimates this would generate $1.326 trillion in revenue.
Sure, increasing corporate tax might raise federal revenue. It also might cause corporations to fire employees to make up the difference.
A 7% increase in corporate tax might also cause the cost of everything you buy to go up by 7%. After all, the inconvenient truth is that only consumers pay taxes.
Biden is also attempting to roll back part of the Trump tax cuts.
Remember that promise of no tax increases for anyone earning less than $400,000? We all knew that was a lie, but rolling back a cut is the same thing as an increase.
Hopefully, the House of Representatives won't take the $6.8 trillion budget proposal seriously. Aww, crap. That means all of our hope lies in Kevin McCarthy's hands.
Find more news and commentary at Liberty-Lighthouse.com
Until next time, si vis Pacem, Para Bellum
-
1:45
Liberty Lighthouse
1 year ago20221118 - Liberty Minute
23 -
1:32
Liberty Lighthouse
1 year ago20221223 - Liberty Minute
401 -
4:28
Mark Levin Show
3 years agoLiberty Down Under
2.69K14 -
37:31
The Ever Lasting Lights
1 year agoDo we Have Liberty? (37.5 MIN)
2 -
0:29
JLenardDetroit
5 months agoLiberal Colleges/Universities Endowment largese
13 -
1:01
Tony Katz
1 year ago‘I Give You My Word as a Biden’; Middle-Class Americans Will Not ‘Pay a Single Penny More’ in Taxes
1798 -
30:29
The Voice From the Car
1 year agoTHE MINUTEMAN MINUTE for 5-9-2023
5774 -
26:09
Voice Of Rural America
9 months agoWishy Washy McCarthy
89 -
29:47
The New American
1 year agoCongressman Massie Tackles Federal Reserve and Suppression of Civil Liberties
13.9K6 -
13:53
DSA Financial Group, Inc.
1 year agoLiberty Call for 2/21/2023
8