this post was submitted on 26 Feb 2024
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[–] [email protected] 8 points 9 months ago (1 children)

Actions speak louder than words. Biden locked in Trump’s $2T tax cuts for the rich and corporations, bringing the corporate tax rate from 35% to 21%. Never mind the open loopholes they exploit to pay virtually nothing anyway. Then, Biden claims he wants to bump up the corporate tax rate to 28%, but can’t, for “reasons.”

What is this halfway corpo-fascist stance? How are we going to pay for that?! By cutting social programs meant to support the working class. Biden is full of shit on this issue, open your eyes.

[–] [email protected] 54 points 9 months ago (2 children)

Biden locked in Trump’s $2T tax cuts for the rich and corporations, bringing the corporate tax rate from 35% to 21%.

Nuance glossed over for the sake of partisan shit-flinging:

He proposed over $3.5 trillion in new taxes, including raising the corporate rate to 28% from 21% and returning the top individual rate to 39.6% from 37% and taxing capital gains at those rates for Americans earning over $1 million. He promised no increases for those earning under $400,000 a year. But opposition from Republicans and Democratic senators Joe Manchin and Kyrsten Sinema, now an Independent, forced Biden to scale back his revenue plans.

Then, Biden claims he wants to bump up the corporate tax rate to 28%, but can’t, for “reasons.”

Yes, reasons. Amazing how Bernie would have had to deal with exactly those same "reasons", isn't it?

Biden is full of shit on this issue, open your eyes.

Oh they're quite open. Trust me on that.