Biden Admin Justifies Tax Hike Based On Racial Criteria – IOTW Report

Biden Admin Justifies Tax Hike Based On Racial Criteria

BIDENOMICS!
Now, with racism!

DC: The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality.

Increasing taxes on capital gains and income-based wealth would reduce racial wealth inequality for black and Hispanic families, the Treasury Department outlined in the analysis published in mid-March. The Treasury points out that white families disproportionately hold assets subject to capital gains tax or are in a higher tax bracket, meaning a hike in those taxes would benefit black and Hispanic families. more here

27 Comments on Biden Admin Justifies Tax Hike Based On Racial Criteria

  1. “The Treasury points out that white families disproportionately hold assets subject to capital gains tax or are in a higher tax bracket, meaning a hike in those taxes would benefit black and Hispanic families.”

    How the fuck does it help one race to punitively tax another?

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  2. How about we all pay our fair share of taxes, but that would be racist wouldn’t it. I hate this ungodly and unconstitutional govt. and bidumb- nomics. This is taxation without representation for white folks and the blacks and other govt. approved minorities get a free pass or at least a reduced tax rate pass. How is this fair because it isn’t if you’re white like I am. And FJB in spades!

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  3. OH, for fucks sake….

    Their overall contention is based on horseshit, lies and deceit.

    All this CRAP is just further proof/reason why I totally despise the FUCKING liberals.

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  4. “The establishment of our new Government seemed to be the last great experiment for promoting human happiness.” “First in war, first in peace, and first in the hearts of his countrymen,” remarked Henry Lee in his famous funeral oration for George Washington.

    Well, the experiment failed in the hands of the Democrats. Give them to their own United Nations commie island (to flip over) and govern. Any dream theory they want to try, have at it.

    Just leave the rest of us the eF alone.
    🤬

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  5. Brad, not only that, I don’t understand US elites trying to kill us off. Are they all so stupid that they think they will be safe as the wealthy minority vs a bunch of murderous minorities? How can they be so stoopid?

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  6. joe6pak

    EXACTLY. Don’t these assholes have children the same color as them? Brothers, sisters, with families? Blue eyes, blonde hair are now worthy of erasing? I don’t think so. These peeps names need to be well documented. Including the Europeans because when the filthy hoard starts killing their country men off they’ll come here. And they need to pay for their sins.

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  7. jawboning.

    Tax all white devils 100% and there still won’t be nearly enough to satiate the colored’s demands for more free shit. Nor would it reduce their “burden.”

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  8. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

    What one person receives without working for, another person must work for without receiving.

    The government cannot give to anybody anything that the government does not first take from somebody else.

    When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

    You cannot multiply wealth by dividing it.

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  9. Early in the Obiden residency we were making cracks about this being Jimmy Carter 2.0 with the things he was doing.
    Reading this article that’s what was brought to mind. This regime just added race to their excuses to hike capital gains.

    Small business owners and their investors will be out of business. That’s most of the jobs in at least our state.

    And the rich leftoids thought they’d be safe from the regime’s schemes.
    uh oh

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