Numerous times, before and during his presidency, Mr. Biden said he was going to raise the rate of income taxes on only those earning more than $400,000 to pay for his proposed social and entitlement programs. Working its way through Congress is a $1 trillion so-called “infrastructure bill,” which includes about 15 percent for roads, bridges, and other typical infrastructure items, with the balance earmarked for “Green New Deal” programs. Also in the works is a massive $3.5 trillion, the 10,000-page budget resolution, which few in Congress will fully read, that is intended to serve as a blueprint for the country’s annual budget to be passed later this year. It is loaded with proposals for many social and entitlement programs. Some of those are for expansions of current programs and others are for entirely new entitlements. Also included are some 30 new and increased taxes, which are intended to pay …
RSS Feed | The Epoch Times