President Joe Biden is plotting a course to bring on the biggest national tax hike since 1993. Why? He’s a Democrat. The Democrats control the House and Senate. That’s what Democrats do.
That and the desperate need to find money in a still-broken private sector economy.
Somebody’s got to pay for all this $1.9 trillion and then some stimulus that’s being handed to Americans as a means of keeping them home, away from work. Safe from that nasty 99% recovery-rated coronavirus. Right?
Looks like Peter is going to have to dig deep to pay Paul.
Today’s Democrats are really socialists with spread the wealth, redistribute the wealth mentalities. Their ultimate goal, of course: Consolidate the wealth in the hands of the few select chosen elites at the top.
Democrats won’t stop until America goes the way of Venezuela.
With the media as their water carriers, it shouldn’t be long.
“Biden scored a major legislative victory, but now comes the hard part,” CNN wrote in a headline about Biden’s upcoming tour to sell his legislative agenda. Ya think? It’s real easy to spend other peoples’ money. The hard part is always paying it back.
“After savoring the passage of his $1.9 trillion Covid-19 relief package in the Rose Garden last week, President Joe Biden begins the tough work of enacting what he called a ‘transformational’ piece of legislation,” CNN wrote.
That came after he said in his recent prime-time address that “it’s one thing to pass the American Rescue Plan. It’s going to be another thing to implement it. It’s going to require fastidious oversight to make sure there’s no waste or fraud.”
But the good thing about spending other peoples’ money is that waste and fraud are oh-so-easy to cover — by once again, you got it, hiking taxes. It’s good to be president.
“Biden wants to pay for the next stage of his economic plan by raising federal taxes significantly for the first time since 1993, according to people familiar with the matter,” Bloomberg wrote. “Key advisers are preparing a package of measures that will at least partly pay for itself through tax hikes.”
You know that $1,400 you’re about to get from the Democrats’ most recent stimulus? Enjoy it while it lasts.
Because the federal government’s about to snatch it back through tax hikes. The lucky ones will only have to pay it back once.
• Cheryl Chumley can be reached at firstname.lastname@example.org or on Twitter, @ckchumley. Listen to her podcast “Bold and Blunt” by clicking HERE. And never miss her column; subscribe to her newsletter by clicking HERE. Her latest book, “Socialists Don’t Sleep: Christians Must Rise Or America Will Fall,” is available by clicking HERE.