This is legit crazy! Biden lies so easily...any tax rate hike on billionaires or businesses always comes down to passing the cost to consumers and workers!!
"Instead, Biden has included a “billionaire minimum income tax,” which is neither limited to billionaires nor to income. In reality, it is a wealth tax that applies to anyone with $100 million or more in assets. In order to determine who must pay this tax, taxpayers would have to report not just all of their income every year to the IRS but also all of their assets. The reporting requirement alone would add billions of hours in tax compliance for tax filers.
Biden’s new wealth tax isn’t even the biggest tax hike in his budget. That honor belongs to his corporate tax hike, which would raise the corporate rate from 21% today to 28%. This $700 billion-plus tax hike would be passed on to families through higher prices, lower wages, and the loss of jobs overseas. Even the liberal Tax Policy Center admits this corporate tax hike would raise costs for most middle-class households by $300 a year. That would break Biden’s pledge not to raise taxes on families making less than $400,000 a year."
https://www.msn.com/en-us/news..../politics/biden-aban