By Taxpayers Association of Oregon
OregonWatchdog.com
President Biden this week rolled out a massive business tax increase that will raise over $130 billion a year (chart: $1.3 trillion over 10 years) by pledging to raise the corporate income tax from 21% to 28%. Combine this national Corporate Tax rate with Oregon’s 7% Corporate Tax (6.6%-7.6%) and you now have a combined 36% business tax.
Biden’s new 28% Corporate Tax rate would make the United States one of the most expensive places to run a business.
For comparison, China’s Corporate tax rate is only 25%. Biden would make America less business friendly than Communist China. read more
Well, it’s not hurting the Biden’s business interests then is it…
All part of the plan…..
No business ever has paid taxes, they collect it for the government from their customers.
This on top of the highest tax increase in modern history – INFLATION!
Inflation caused by Jackass Joe and his Marxist puppeteers!
“Crush the bourgeoisie is to grind them between the millstones of taxation and inflation”
Destroy our Energy sources
Destroy our Military
Destroy our Foreign Policy
Destroy our Police forces
Destroy our big cities
Destroy our Southern Border
Destroy our entire Immigration process
Destroy agreements
Destroy the World’s confidence in the United States of America!
Destroy the Economy
Destroy the Supply Chain
Destroy the Dollar
Destroy employment
Destroy Businesses
Still think it’s all unintentional???
There aren’t that many coincidences in the Universe!
It will rake in $130 Billion a year. That is, of course, assuming it does not strangle the economy in the process.
That also does not consider what raising those taxes will do when we already have inflation on steroids.
Wanna make a bet that big tech is exempt from this tax increase?
betcha this was written and lobbied by amazon and walmart types.
Does the big guy get his 10%?
Joey could make himself a nice profit off of 10% for the big guy. 10% of 130 billion dollars is a mere 13 billion dollars which is a nicely grifted sum of stolen money that he’s not entitled to. I despise Joe Biden, not only is he the most incompetent Presidunce ever he’s also one of the most corrupt. Remember jackass that you can’t take it with you when you croak no matter how much you can steal and grift from others while you’re still alive.
I’m sure American business won’t mind paying a few more dollars…
🙄
No, it is estimated that it will pull in $130B each year. That does not cover the companies that will move a portion of their business overseas. I will bet a portion of my salary that the actual revenues will be far less than this rosy estimate.
That will not stop the spending, as that will continue regardless of any revenues.
Get rid of baseline budgeting and have every government agency, department, division start every year from scratch and justify their requests, rather than start at the previous year and justify just an increase.
oBiden* (and obola behind him) are like the Energizer Bunnies of America’s destruction.
It’s 100% clear that they won’t stop until we stop them.
Everyone enabling them also needs to be put down (in the sense of a rabid dog, yes)
Moving fast on that plan to destroy America and her freedoms.
Gotta have it done before they get voted out or indicted.
Oh ya.
Nothing will change for the idle rich or the idle poor.
This is to destroy the middle class and small businesses.
Someone needs to deal with this SOB toot sweet.
If you want in “the family”, you gotta pay the Don his “respect”.
They already figured the money in their hands and then some, by spending that much more each year. This is all part of the plan to strip the country of its wealth from the middle class and destroy resistance.
Looks like a 2024 campaign ad writing itself.
John Kennedy said he’d put America on the moon. Joe Biden wants to bury us in debt. Contrast.
Simple solution; raise my rates by 10%; I Make the same, customer gets the bill. Hurts the consumer not anybody else.
WOTTA DIPSHIT – CLOSED STORES PAY NO TAXES!
ya the scammer-grifter Joe Biden’s ‘corporate’ tax increases also include very-small business and private citizens. All due to his gross negligence and mismanagement of the US, not to mention the sly thievery he and his lowlife family are known for along with both nation-destroying and dark-money Clinton predators.