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THE TAXES ARE COMING, THE TAXES ARE COMING!

Last week Democrats Passed their $3.5 Trillion spending bill. They went on TV so happy and bragging how they all funded their pet projects and made their corporate donors richer with fat pork filled government contracts.


But now they're busy trying to figure out how to pay for it.


Of course WE THE PEOPLE PAY FOR IT via tax increases, new direct taxes, or corporate taxes that businesses will pass on to consumers. That's not the businesses fault either. The companies must retain profit margins so they can continue to operate. The companies don't want the taxes. The taxes are forced on them, and they are forced to raise prices to pay for them or they go out of business.


But guess who the taxes will not apply to? The Democrats who create the tax increases and whoever the shadow shell corporations are that donate to their campaigns heavily. Because Democrats love to demonize "the rich"... but exclude the select rich who benefits their political careers and agendas.


Here's a list of current proposal at the time of publishing this article:

TAX INCREASES

  • Corporate Tax from 21% to 28% (which will crash stocks as businesses bail out of America).

  • Income Tax from 32.6% to 39.6%.

  • Capital Gains Tax from 21.6% to 43.4%.

  • An increased Death Tax on any estate =$1 mill.

  • Excise Tax on Drugs of 65%, max at 90%.


NEW TAXES

  • Book Taxes on Publishers of 15%.

  • Methane Polluter Tax

  • Carbon Pollution Tax

  • Fossil Fuel Extraction Tax

  • US Oil Refinery Tax

  • Driver Tax (for people who commute 35+ miles per day)




References:


https://www.cnbc.com/2021/08/25/what-happens-next-with-biden-infrastructure-budget-bills-in-congress.html


https://justthenews.com/government/congress/list-tax-hikes-likely-be-included-democrats-35t-budget-reconciliation-bill?utm_medium=social_media&utm_source=twitter_social_icon&utm_campaign=social_icons


https://video.foxnews.com/v/6245765024001/#sp=show-clips



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