The moment Mitch McConnell dreaded came true, as Biden followed the Republican plan to raise taxes on the non-rich.
Video of President Biden:
Biden said during remarks on inflation:
My whole plan is centered around lowering costs for the average family in America. To give them just a little breathing space.
And what is the Republican plan of Congress? They don’t want to solve inflation by lowering costs. They want to solve it by raising taxes and lowering revenues. I happen to think it’s a good thing when American families have a little more cash in their pockets at the end of the month. The Republican Congress does not seem to think so. Their plan effectively made working families, making other working families poor.
You don’t have to take my word for it. It is in writing. They made their intentions perfectly clear. Senator Rick Scott of Wisconsin, Florida, remembers, they set it all in a plan as the agenda of the ultra MAGA. Their plan is to raise taxes.
The average tax increase would be around $ 1500 per household. They have it on the contrary, in my opinion. I have proposed a minimum tax for billionaires. In recent years, the average billionaire has paid about 8% in federal taxes.
Congressional Republicans have proposed raising taxes on teachers and firefighters. 55% of the largest corporations pay zero net and federal taxes in 2020. This is not fair. That is why I propose a minimum tax for companies. Their plan would also raise taxes on 82% of small business owners, earning less than $ 50,000 annually. But it would do nothing to help, to hold large corporations and corporations accountable. Inc. By the way. Republicans in Congress are so deeply committed to protecting large corporations and CEOs that they would rather see taxes on American working families raise and try to lower their wages to deal with inflation. Never mind the fact that many of these companies are posting record profit margins, even as, or as prices, they increase their prices by record.
Mitch McConnell and Rick Scott argued over the tax plan that Scott has been trying to get Republican Senate candidates to run since he announced it.
McConnell goes on to say the plan will never see the light, but the damage has been done.
President Biden made it a central part of the Democratic message to voters in the mid-term, and what McConnell feared most is on track to happen.
A Democratic electorate motivated by the potential Roe upset now has an economic message that supporting a Republican means raising taxes.
At the current pace, McConnell’s drama of becoming Senate Majority Leader again will be exhausted by November.
Mr. Easley is the managing editor. He is also a White House press pool and congressional correspondent for PoliticusUSA. Jason has a BA in political science. His undergraduate work has focused on public policy, with a specialization in social reform movements.
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