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The Spending Is the Point, Part II - Noah Rothman, Commentary Magazine

As America Ages, Hard Questions Loom

GOP seeks to pull back curtain on Biden tax shelter hypocrisy

Trump urges boycott over All-Star game. While recently touting his infrastructure plan, President Bidengriped the wealthiest 1% of Americans saw their net worth increase by $4 trillion, he then ripped loopholes and deductions corporations used to dodge taxes. But a blistering letter from the leader of a House conservative caucus regarding Biden’s own tax loopholes could foreshadow what Republicans will include in their oversight agenda should they flip the House of Representatives in 2022. House Democrats used their oversight power to subpoena Trump for his tax returns, but they’ve completely ignored Joe Biden’s abuse of our tax code, Republican Study Committee Chairman Rep. Jim Banks, R-Ind., told Fox News. When we take back the House in 2022, Oversight [Committee] Republicans won’t forget about Biden’s legally dubious tax avoidance schemes.

Republicans Slam Hypocritical Biden For Funneling $13 Million Through Tax Loopholes

by Tyler Durden Monday, Apr 05, 2021 - 12:46 PM President Biden has come under fire by House Republicans for hypocritically using an IRS loophole to avoid paying taxes on $13 million in income for tax years 2017 and 2018, while slamming wealthy Americans for using similar schemes to minimize their tax burden, according to In a scathing letter from the leader of a House conservative caucus Rep. Jim Banks (R-IN), the Bidens used two S-corporations, the CelticCapri Corporation and the Giacoppa Corporation, to funnel proceeds from book royalties and speaking appearances, avoiding self-employment payroll tax liabilities that would have flowed to America s Medicare program that provides care to over 60 million seniors.

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