Here are the massive tax increases coming your way in a second Biden term
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Donald Trump has outlined his plans for federal taxation should he be elected.
“I will make the Trump tax cuts permanent. You know they expire in a year. And we will cut your taxes even more than that,” he said in a speech in North Charleston, South Carolina, on Feb. 14, 2024.
Trump made the direction clear. Lower.
Biden’s plan calls for a small business tax hike, a corporate tax hike, a capital gains and dividends tax hike, income tax hikes, energy tax hikes and even a second Death Tax on top of the first one. (Getty images | iStock)
But President Biden has also made his plan clear: He wants to wallop Americans with a $5 trillion tax increase.
BIDEN’S TAX-HIKE PLAN WOULD COST THE US ECONOMY NEARLY 800K JOBS
Biden’s written plan calls for a small business tax hike, a corporate tax hike, a capital gains and dividends tax hike, income tax hikes, energy tax hikes and even a second Death Tax on top of the first one.
Biden would increase the corporate income tax from today’s 21% to 28%. That’s a higher tax rate than communist China and France and the U.K., each at 25%.
Now add the average
