Democrats seem to think that money grows on trees. Joe Biden is no exception!
On April 5, Biden declared that increasing the corporate tax will not drive companies out of the United States. What I would like to know is what kind of dope he is smoking!
“The tax was 36 percent, and it’s now down to 21 percent. The idea that that—it’s bizarre, we’re talking about a 28 percent tax that everybody thought was just fair enough for everybody,” Biden said.
“Here you have 51 or 52 corporations in the Fortune 500 that haven’t paid a single penny in taxes for three years? Come on, man. Let’s get real,” he continued.
Epoch Times reports:
Biden’s $2 trillion infrastructure plan includes raising the corporate tax rate from 21 percent, where it has been since former President Donald Trump’s 2017 tax cut slashed the rate from 35 percent.
Biden also wants to impose a 15 percent minimum tax on large companies. The tax increases would fully pay for the infrastructure plan in 15 years, the White House claims.
Does he truly think that businesses will want to stay where they are paying higher taxes and therefore putting less in their pockets. He’s insane in the membrane!
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