Well for some reason I have thought today was Wednesday all day, wow a day ahead, anyway, now move on Mark.
Many and Varied – Biden’s Taxing
Biden has purposed a tax increase to 5 areas;
- Raising the corporate tax rate to 28% from 21%
- Paring back tax preferences for so-called pass-through businesses, such as limited-liability companies or partnerships
- Raising the income tax rate on individuals earning more than $400,000
- Expanding the estate tax’s reach
- A higher capital-gains tax rate for individuals earning at least $1 million annually. (Biden on the campaign trail proposed applying income-tax rates, which would be higher)
Now one of his justifications for this, believe it or not, these taxes have not been raised since 1993, like OK, what is wrong with that. Wow that type of thinking just blows me away. That being said, I believe in my heard that the Democrat /Socialist people just can’t stand to see the country running, and NOT depending on them for everything. Oh I guess that is called power. Biden is going to reverse a major portion of the tax reductions that Trump put in place. I believe they do not care what the effect of doing this tax increase will do to the economy. Right now the market is at it’s highest ever, and that is NOTHING that the current administration can take credit for, even though they do. The amount of money that these tax increases would take out of the economy and place under government control will be staggering, and we know how well the government does with money, unreal. But back to what I said earlier, I believe this is a move to create a nation that depends on the government for it’s daily needs. They don’t want this country functioning on it’s own, developing new businesses, creating wealth, spending money on everything from homes, cars, vacations. A country where the people can take care of themselves, with no need for the government to be in control of everything. I think this concept is liberty. I believe that the government at a national level should provide defense, infrastructure, and enforcement of the law according to the Constitution at a National level. However, they are involved with many portions of our daily lives, that NO government should be in.
So what is next? I hope and pray that the Republican Party can grow some balls, and fight this move tooth and nail. I hope the Republican Party can begin to take some seats back in the house. I hope the Republican Party can come together as a body and fight this Socialist machine, I hope, I hope, I hope. However for the most part, they were of NO support to Trump, even Trump being a Republican, i.e., their President, most had no balls, and they could not work as a team to support him, to fracking scared of their jobs, or what people might think.
Well we shall see what Biden’s next move is. I hear that he might be doing a press conference. I wonder if this is Part 1, i.e. Biden mumbles and fumbles a little bit, and it will get blown off. But it does lay the base for him to be removed and then we will be in deep trouble as a nation.
More to follow.
Today is a Blessing, and tomorrow is a new day. In Him We Live.