Biden Pledges to Raise Taxes While Sending Millions to Ukraine
He says will visit East Palestine, Ohio, "at some point."
President Biden made it clear on Tuesday, February 28, when he visited VA Beach, that he intends to revive his 2021 tax scheme the Democratic Congress had abandoned before the 2022 elections. According to CNBC, this includes the idea of taxing “unrealized capital gains,” or as Jared Bernstein of the White House Council of Economic Advisors phrased it, “a prepayment or withholding tax on future capital gains.”
Biden’s budget, which will be released this Thursday, will try to tie his proposed tax increases to Medicare funding. This move is meant to be able to either blame Republicans for not funding Medicare or claim that the GOP is trying to cut Medicare spending.
Biden will struggle to get his tax increases through Congress. There are at least four Democrat Senators (Manchin, Sinema, Brown, and Tester) who do not want to pick a fight over taxes with a GOP-controlled House and a Democratic Senate majority that is so tenuous the fact that two sitting Senators (Fetterman and Feinstein) are currently hospitalized has put some of Biden’s Judicial nominees in trouble. Even the New York Times says that Biden will struggle to pass the proposed tax increases:
His plans are unlikely to become law. They are almost certain to be rejected by Republicans, who won control of the House in November and roundly oppose tax increases.
But in focusing on Medicare in the budget and before its release, Mr. Biden is seeking to sharpen a contrast with Republicans and cast himself as a protector of cherished retirement programs — both for his likely re-election campaign and for a looming congressional battle over raising the nation’s borrowing limit that centers on taxes, spending and debt.
Meanwhile, we’ve sent almost 77 billion dollars in aid to Ukraine in the last year. Yes, you read that right, seventy-seven billion; that’s a 77 with nine zeros behind it.
That’s a full one-quarter of one percent of our National Debt, which has been accumulating since America was created in 1776, just to Ukraine in the last year.
Meanwhile, the folks in East Palestine, Ohio, are struggling. Because the town is so small to begin with, the businesses in the town depend on out-of-towners coming in to shop. But the train derailment and subsequent toxic fallout have kept many people away, leaving businesses like Flowers Straight From The Heart and many others struggling to keep their doors open. While everyone agrees that Norfolk Southern should pay for all of the damages, court cases take time. Ohio Senator JD Vance (R) has suggested setting up a PPP-type program just for East Palestine to help the town right now.
Biden visited Ukraine and pledged another 500 million dollars in aid on President’s Day while seemingly ignoring the people in Ohio. Treasury Secretary Yellen announced another 10 billion in aid on February 23rd. That same day, after being shamed into visiting, Transportation Secretary ”Personal Time Pete” ran from tough questions. Biden admitted he has only “Zoomed” in to talk to town leadership. Finally, a month after the derailment and two weeks after former President Trump visited the town, President Biden has said that he will visit East Palestine “at some point.”
Why does our President seem to care more about Ukraine than Ohio? Maybe it has something to do with a certain son of his, an energy company in Ukraine, and 10% for the Big Guy.
Lorraine Yuriar is a wife, mother, and a lifelong conservative, currently stuck in a very blue state.
So we go poor to make other rich.
I am sure that the people in East Palestine, don't want to see Joey at this point, (not that they ever did) It's too late, you are an abomination.