I’m getting really tired of saying this, but…we told you so.
We, the collective FreedomWire team, told our subscribers that Joe Biden would destroy the American economy, predicting that gas would skyrocket, that we’d see a return to the Obama-era polices, and that taxes would go up.
Of course, this shouldn’t have surprised anyone.
Sleepy Joe himself told us that these things would be happening.
We told you gas prices would soar under Biden, then watched as he nixed the Keystone pipeline and banned fracking on federal lands (“I never said that,” Biden loudly proclaimed during the debates with President Trump)…
Now, we’re watching real-time as those two decisions force gas prices back up above $3 per gallon.
We told you that it would be a return of the Obama-era policies…
And then we watched as Biden re-entered the Paris Accords, refunded the WHO, and is negotiating with Iran to enter back into the nuclear deal with a country that wants to destroy America.
We told you taxes would increase, and Biden told us himself that taxes would go up!
And while he’s been signing executive orders left and right in an effort to destroy all the good that Trump has done, he’s finally ready to start turning the screws on the American people.
Joe Biden is about to propose the first substantial federal tax hike in almost 30 years. There hasn’t been a federal increase as big as the “Big Guy’s” since 1993…but he and the Democrats need a way to pay for his long-term economic (and some say socialist) programs.
All this is coming even after he signed the largest stimulus package in U.S. history, namely the COVID Recovery bill that comes to the American people with a whopping $1.9 trillion price tag.
So, how much will this cost the average taxpayer?
Well, rumor is that Biden administration is preparing to push another tax plan to tackle infrastructure and the economic crisis the Liberal lockdowns have caused this country, and some estimates are coming in anywhere from $2-4 TRILLION per year.
Of course, this doesn’t take into account the billions that America will spend on the Paris Accords or with Iran. This number is just to keep the lights on here the good ol’ US of A.
Biden plans to crawl out of the basement and let the American people see him this week in order to both gain support for the COVID relief package, and when he emerges, you can bet dollars to donuts he’ll take as much credit as he can for the bill itself—even though he literally had nothing to do with it.
And in order to pay for it all, he’s expected to push a series of tax increases as well as repealing parts of Donald Trump’s 2017 tax cuts that led to Americans having MORE money in their pockets and produced record tax revenue year over year.
What These Tax Hikes Will TRULY Cost Us
Biden said he’d only raise taxes on the those that made over $400,000 per year, yet repealing Trump’s tax cuts would ensure that taxes get raised for ALL, regardless of how much they make.
As much as the Left doesn’t want to accept or admit it, the truth is Trump’s tax cuts led to most Americans receiving more take-home pay and resulted in an average increase of $90 in tax returns from 2017 to 2018.
With those same income tax cuts, Americans immediately saw somewhere between a 0.4% and 2.9% increase in their paychecks after taxes.
And Biden wants to get rid of it!
We told you. It’s just too bad you’re not a Liberal snowflake, because I’m sure all of these facts would drive you crazy if you were. Telling you is akin to preaching to choir – but still, we feel it’s important for you to understand two things:
- The FreedomWire team knows what they’re talking about, and…
- Sleepy Joe and the Democrats really ARE going to do their best to destroy America.
Two things to keep in mind as we struggle over the next four years.
“Someone is going to have to explain to me at some time how raising taxes on job-creators is going to create more jobs.” – Jim Jordan