ICYMI: New Study Shows Biden’s Liberal Platform Would Raise Taxes Over $3 Trillion

The following article, ICYMI: New Study Shows Biden’s Liberal Platform Would Raise Taxes Over $3 Trillion, was first published on Flag And Cross.

Joe Biden is deliberately skewing further and further to the left in order to guarantee he receives votes from the far-left, AOC-type crowd. He knows he needs those kinds of radicals to show up to the polls.

But to have a platform that calls for raising the amount of taxes on the American people by double what Hillary Clinton proposed in 2016 is kind of, I don’t know, idiotic – to say the least.

Here’s the deal, via Fox Business:

Democratic presidential candidate Joe Biden has laid out a multitrillion-dollar spending plan that would raise taxes by $3.4 trillion on mostly wealthy Americans and corporations over the next decade, according to an analysis released Monday.

The former vice president’s campaign platform would raise federal spending by about $5.4 trillion — or roughly 24% of gross domestic product by 2030, according to new findings from the Penn Wharton Budget Model, a nonpartisan group at the University of Pennsylvania’s Wharton School.


The spending plan, which is more than double what Hillary Clinton proposed during the 2016 campaign, would be funded by a slew of new taxes, including a corporate tax hike. Biden’s trillion-dollar proposals signal that he’ll continue the unprecedented level of government spending that began in mid-March as American life came to a grinding halt because of the COVID-19 crisis.

Biden has pledged to hike the corporate tax rate on “day one” of his presidency if he wins the Nov. 3 election. Increasing the tax rate to 28% from 21% would generate more than $1.4 trillion, making it the largest revenue-raiser in his proposal, the analysis showed.


When Joe was in Germany he decided to bash America because apparently doing so on U.S. soil just isn’t enough.

According to Biden, the United States is “an embarrassment.”


Continue reading: ICYMI: New Study Shows Biden’s Liberal Platform Would Raise Taxes Over $3 Trillion

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Author: John Salvatore

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