President Joe Biden is parading tax hikes on Americans after years of dodging paying his “fair share” of government dues.
Just last week, the president required wealthy American taxpayers “step up and pay” their “fair share” of taxes. The exhortations of “Joe of the middle class” come as Democrats scramble to pass a $ 3.5 trillion spending bill and green light a proposal that would require U.S. banks to report to the Internal Revenue Service all taxpayer transactions of $ 600 or more.
For days, the White House and Congressional Democrats have promoted massive spending legislation as a “zero dollar” bill through forced funding from taxpayers.
“My Build Back Better program costs zero dollars. Instead of wasting money on tax breaks, loopholes, and tax evasion for big business and the wealthy, we can make a one-time investment in Active America. And that adds zero dollars to the national debt, ”Biden tweeted last week.
However, the Biden administration’s rush to move forward with the huge tax hikes comes just months after reports revealed Biden avoided paying the federal government using the same mechanisms he undertakes to repress.
When the White House released Biden’s tax returns in May, documents showed millionaire President and First Lady Jill Biden dodged more than half a million in taxes by using a Medicare and Obamacare loophole. .
“While the Bidens have avoided $ 394,547 in health insurance taxes over the past four years, the Urban Institute calculated that the average couple who retired last year would have paid a total of $ 161,000 in Medicare taxes throughout their professional life”Christopher Jacobs wrote for The Federalist in May.
Biden’s plan to raise taxes also comes shortly after reports indicated that the Biden family had engaged in shady business relationships using Hunter Biden’s foreign business connections. Not only did the president appear to use his influence as then vice president to transport his son overseas on business, but Hunter’s overwhelming laptop analysis appears to implicate Biden as “the big guy “in the” paid gambling scandal under which elder Biden allegedly received a 10 percent cut.
Hunter is currently under federal investigation for potential tax crimes. Reports indicate that US Department of Justice officials have deliberately delayed the investigation of his alleged violations and fragmented overseas trade relations because of the effect it may have on the presidential election.
Jordan Davidson is a writer at The Federalist. She graduated from Baylor University where she majored in political science and minor in journalism.Source link