Biden's real plan: Raising taxes, killing jobs, wasteful spending

The only coherent thing Joe Biden can say is “tax and spend.”

Biden is now proposing trillions MORE in spending and higher taxes.

With Biden’s latest $1.8 trillion tax and spend proposal, the total is now $6 TRILLION, which would be the largest government expansion in decades, all to the glee of the socialist far-left.

And what’s in the plan?

• $80 billion for the IRS, which even Obama’s former IRS chief said is unnecessary.
  • The liberal Tax Policy Center says it is “very unlikely” this would increase federal revenues by $700 billion, as the Biden White House claims.
• $200 billion to permanently extend Biden’s new Obamacare subsidies.
• Biden’s subsidies mainly go to richer households. These subsidies will go to insurers even as they raise premiums, all while taxpayers pick up the tab.
• The Tax Foundation projects that not only would hiking capital gains shrink the economy, but it would actually decrease federal revenues by $124 billion over 10 years.
• As a result, the United States would have a higher capital gains tax than many European countries.
• Economists warn this would hurt workers and consumers, reduce entrepreneurship, and curb investment.
• Even Democrats in the Senate are lining up to oppose this tax hike.  
• Biden’s proposal would double the capital gains tax from 20 percent rate to 43.4 percent, “the highest” rate “in modern times.”

With Biden’s new taxes, the tax burden on the American people would increase by OVER $3 TRILLION!

Biden is raising taxes to funnel trillions out of your community and into the Washington, D.C. swamp.  Make no mistake – it will be you, your children, and your children’s children who end up footing the bill as a result of his far-left wish list spending.