"Although energy-intensive industries would be hit particularly hard by Biden’s infrastructure proposal, millions of other jobs would also be put at risk under other parts of Biden’s platform.
For instance, Biden demanded on Thursday that Congress “end … the president’s $1.3 trillion tax giveaway to the wealthiest 1 percent and the biggest, most profitable corporations, some of which don’t pay any tax at all.”
What Biden didn’t say is exactly how much he would raise taxes on these businesses and business owners. According to his website, corporate income tax rates would increase to 28 percent, 33 percent higher than the current rate, and large corporations earning $100 million or more would pay a 15 percent minimum tax. These two provisions alone, and there are many more, would represent one of the largest tax increases on businesses in American history.
Even when you include the parts of Biden’s plan directed toward helping lower- and middle-income filers, like his proposed expansion of the earned income tax credit, the pain caused by Biden’s tax increases on businesses would outweigh any benefits of the plan. The Tax Foundation estimates Biden’s tax proposal would “reduce long-run economic growth by 1.51 percent and eliminate about 585,000 full-time equivalent jobs.”
I listened to the whole Joe thing last night. Joe was beautifully rehearsed. I have prepared a lot of people for speeches and I recognize a job well done. Joe looked like he might have been pumped up with something, but no matter. His momma came out from behind the curtain to give a hug as a reward for the job well done. The message was basically "you vote for me and you will feel good and comfy about it. I am not like that orange bastard. I don't grab your parts unless you want me to ." In other words, women were the target in the belief that they are offended by Trumpy. Well, they are… But, how much?
But underneath the surface of this family love show was the stuff Foxbusiness writes about in this piece. There is a similar piece in Rolling Stone but I cannot find the article just now. The truth is that the left of the Democratic Party is aiming for a revolutionary change in the American economy, American government, the US Constitution, and the content of peoples' minds. Joe is widely expected to be around for a year or so and then go home to Wilmington with his mommy. KH would then take over, but, she is a California lefty who flunked the bar exam the first time she took it. She is not the brightest bulb in the pack. She used to hang out with Willie Brown when she needed his political support to become DA in San Francisco but now has a nice rich guy who dotes on her. Is she likely to resist the Marxists? I doubt it. pl