Biden to Tax American Business at Higher Rate than Communist China-Does This Make Sense To You?

President Joe Biden proposes to tax American business at a higher corporate tax rate than Communist China charges American business.

Biden will travel to Pittsburgh Wednesday to present a 2.25 trillion dollar package that would, if passed into law, increase the corporate tax rate from 21 percent to 28 percent, outdoing Communist China’s corporate tax rate of 25 percent, just after former President Trump lowered the tax from 35 percent to the current 21 percent.

According to the Washington Post, “The proposal would also increase the “global minimum tax paid from about 13 percent to 21 percent, as well as other measures aimed at taxing corporations that shelter profits offshore to avoid taxes.”

The proposal is already being met with some criticism on both sides of the aisle.

Rep. Alexandria Ocasio-Cortez (D-NY) tweeted Wednesday Biden’s effort is lacking urgency. “This is not nearly enough,” she said:

The top Republican on the House Ways and Means Committee, Rep. Kevin Brady (R-TX), also condemned the plan due to the United States remaining in an economic crisis. “No president has ever raised business taxes to recover from an economic crisis. This couldn’t come at a worse time,” he said.

Ann Wagner (R-MO) agreed. “Why, as this country begins to reopen and recover economically, would the Biden administration be proposing tax policy which would, in the end, hurt the American family and millions of struggling small businesses?”

Senate Minority Leader Mitch McConnell (R-KY) said on March 16 that Republicans would not support tax increases to pay for infrastructure. “I don’t think there’s going to be any enthusiasm on our side for a tax increase,” he said.

Breitbart News reported the bill also “includes $300 billion for housing, $400 billion for elderly and disabled care, and $300 billion to revive manufacturing in the United States.” Additional expenditures incorporate high-speed broadband internet upgrades, electric grid modifications, and water systems maintenance. The proposal will also involve “nearly $400 billion in ‘clean-energy credits’ to promote ‘green’ energy such as wind and solar.”
During the clawing back of a devastated economy from an ongoing pandemic – Biden wants to help the country responsible for allowing the virus to infect the globe by giving them the competitive edge?
The Right Wire Report asks Does this make sense to you?
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Posted by Bekah Lyons

"The simple step of a courageous individual is to not take part in the lie. One word of truth outweighs the world." Aleksandr Solzhenitsyn

I was born and raised in the enigma known as "The Big Easy." There, rooted along the banks of the great Mississippi River between the creeping bayou and Lake Pontchartrain, I was conscripted on all things pertaining to human nature.  I am the quintessential southern woman, that is to say, I defy most could never accurately define what that label truly represents.  Brined below sea level where one respects; the haunts lingering about, the force of storm surge, the ethos of Mardi Gras, and the sanctity of generational family-I know what it is to belong to an organically diverse culture.

Early on in life, my career path serpentined and led to brief stints of living abroad in Europe as I indulged my passions for painting, musical theater, and the culinary arts. My young experiences evolved my purpose and honed my intuitive skills and I became a Medical Professional specializing in mental health with a focus on child/adolescent needs. After living decades in NOLA, and after hurricane  Katrina unearthed the realities of modern-day inner cities, I made the pivotal decision to relocate to where my family and I spent our summers in a quest to find security and civility in my life.

High up on one of the "grandfather mountains" I now perch in a Smoky mountain community in East Tennessee. Although, I would not trade my formative years in Louisiana, unfortunately,  that era of  America  is  no longer obtainable in the times we live - changing course was the best decision "Evah!"

I am a warrior  for freedom and truth , steeped in my ancestral history ,I am constantly reminded that stillness and introspection expands the mind and heart to possess a more nuanced understanding of all things in our internal and external world. We are all destined to bash ourselves against the rotted cultural rocks of humanity's unraveling until we recognize that a shared moral tone is essential for a free society. A healthy culture is one comprised of many unique people who offer shading and depth to the experience of living, yet all choose to accept basic truths that bind us all together-a societal moral tone. Intolerance  , censorship, intersectionality, cancel culture, apathy ,and ignorance will only groom oppression and tyranny.  Critical thought, differentiation, and dissent is your individual right granted not by government -and must always be protected, championed, and defended.

5 Comments

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  1. It is amazing how naive so many Americans are whenever they hear that those nasty corporations are going to have their taxes raised, not realizing that those costs incurred by them will be passed on to the consumer. Evidently, they are as dumb as AOC when she makes the statement, “this is not nearly enough,” in respect to the corporate tax rate increases. The middle class and the low income class will suffer as a result of these tax increases, but AOC will not tell her constituents that either because she is deliberately trying to hide that fact from them, or she is truly ignorant and has no idea what she’s talking about.

  2. Does this make sense to me?
    If you want to strengthen the American economy, create jobs then it makes no sense.
    If you want to weaken the middle class and keep the poor on welfare then it makes all the sense in the world.
    Let’s get to the point – This is all about consolidating the 1% and imposing Corporate socialism.
    The Big corporations will pay more tax too but their competition will be wiped out.

  3. Way to go Biden what a good way to kill America. Oh that is right Biden don’t give a flying flip about America!!!!!!!!!!!!!! WOW what is it going to wake up People???????

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