I would be willing to say that one of the biggest reason people voted for President Donald Trump was his promise to implement tax cuts and let Americans keep more of their hard earned money.
Now, former Vice President Joe Biden is vowing to reverse those tax cuts if he were to win the 2020 election. Is he really that dumb?
“I’m going to get rid of the bulk of Trump’s $2 trillion tax cut,” Biden told Wall Street donors during a fundraising conference call. “And a lot of you may not like that but I’m going to close loopholes like capital gains and stepped-up basis.”
The former vice president said he would raise the corporate tax rate from 21 percent to 28 percent, which he estimated would raise taxes by $1.3 trillion over the next decade, FBN reported.
Biden said the tax cuts were “irresponsible, sugar-high tax cuts.” He claimed, without evidence, that cutting taxes made it “harder to foot the bill” for pandemic relief. In fact, interest rates have declined while government spending on pandemic relief programs has skyrocketed.
“We have to think as big as the challenge we face. But this is America, there is nothing we cannot do if we do it together,” Biden said. “But I think the country is ready.”
According to a CNBC report, the event raised at least $2 million.
NEW: I'm told a Biden virtual fundraiser co-hosted by Jane Hartley, Blair Effron, Deven Parekh, Roger Altman and John Vogelstein, among others, raised at least $2 million. 💰💵
— Brian Schwartz (@schwartzbCNBC) June 29, 2020
Trending Political News
WATCH: Dr. Fauci Removes Mask as Soon as Cameras Stop Rolling
The country is very divided on the wearing of masks. Dr. Fauci has been back and forth on whether or not the people in America should be wearing masks.
There has been footage of journalists tearing off their masks as soon as they think it's safe multiple times. Other times the people on camera are wearing masks, but the cameraman is not.
Damning Video Comes Back to Haunt Alyssa Milano
If you grew up in the 90s, you came to know Alyssa Milano as the hot girl who played "Samantha" in the hit sitcom "Who's the Boss?"
A lot has changed since then. She is now known as the liberal crybaby who tries to cancel everyone who disagrees with her.
Black Lives Matter Invades Beverly Hills to Terrorize White Rich People (VIDEO)
If there is anyone who still thinks that the riots and protesting or the whole Black Lives Matter stuff going on right now is about the unjust death of George Floyd, you would be seriously mistaken.
Sure, his death may the link in the chain that broke and unleashed all the hell that is going on right now, but that's not at all why people are protesting, rioting, or setting up their own areas in cities like Seattle.
Minnesota State Rep. Warns of Sharia Law Coming to Minneapolis
A very strong warning was given by Minnesota State Rep. Steve Green last week regarding the calls for defunding aka abolishing the police, specifically in Minneapolis since they're almost to that point.
Rep. Green said that they are dangerously close to being controlled by Sharia law.
YIKES! Black Lives Matter Activist Loses Testicle During Los Angeles Riot (PHOTOS)
This must have been the most painful thing to ever happen to a person. If you're a man, then I'm sure you can only imagine how it must have felt.
During a riot in Los Angeles back in May when they all started, a Black Lives Matter activist/rioter claimed that police shot him in the groin with rubber bullets at point-blank range, resulting in the loss of one of his testicles.
CBS News Reporter DESTROYS Latest Fake News Attack on President Trump
You may have noticed that over the weekend the mainstream media and some "intelligence" agencies have launched a new attack against President Trump.
If I had to guess, I'd bet that the Democrats are going to try and use this for impeachment.