Well, when former Vice President Joe Biden isn’t gaffeing his way to the Democratic nomination, he releases some policy proposals.
The latest one is a new tax scheme he wants to fund his multi-trillion-dollar spending plan over the next decade.
Biden wants to introduce a so-called minimum book tax for corporations. This would establish a 15 percent tax on book income for companies that record an annual net income of at least $100 million.
He also proposes to raise the corporate tax rate from 21 percent to 28 percent and wants to increase the top tax rate on wealthy individuals from 37 percent to 39.6 percent.
That’s not all! He argues taxing capital gains and dividends as ordinary income for taxpayers with $1 million in income.
In total, the Biden campaign thinks this is enough to pay for his $3.2 trillion spending initiative.
Oh, and by the way:
https://www.youtube.com/watch?v=X33nGQ3PpqM
When will politicians learn Corporations pass tax increases on to customers in price increases of their products and services that they sell. Enough said, vote no on Joe or any other tax increasing Dummycrat or Ripoffagain RINO.