Tax Expert Warns of Economic Devastation With Biden Tax Hikes
by Patrick Hedger
President Biden delivered his first joint address to Congress on Wednesday, outlining his vision for the country and speaking to what he sees as his administration’s initial accomplishments as he approaches 100 days in office. While he focused on an array of issues,
President Biden set forth a number of costly provisions that will cost trillions of dollars and are accompanied by a series of tax hikes that would devastate the economy.
As President Biden acknowledged in his address, job numbers are beginning to rise and the economy is rebounding. That is precisely why his litany of trillion dollar proposals – along with a laundry list of tax hikes – is a dreadful idea for the American economy.
Guest Editorial Week of 5/3/2021 Published by news@presspubli. on Fri, 04/30/2021 - 4:00pm
By:
Time to steer transportation system in better direction “Infrastructure Week” has become the new Groundhog Day, with a new cadre of politicians selling familiar transportation ideas to the American public. The Biden administration is proposing to pour $2 trillion into America’s infrastructure – or at least anything that Biden and his team deem to be “infrastructure.” But, for all the noise, the new president faces the predictable problem of funding new transportation projects and repairs to existing projects. America is wedded to an outdated gasoline tax system that produces a steadily slowing trickle of revenue as policymakers incentivize consumers to purchase electric vehicles (EVs) and hybrids. The broken status-quo excuses EV and hybrid owners for paying for their cars’ wear-and-tear on the road, ensuring an increasingl
Blue Dogs May Restrain Biden’s Radical Agenda
News Analysis
In some quarters, President Joe Biden received excellent reviews for his April 28 speech to a CCP-virus-limited joint session of Congress, although the tepid reaction of a key group of House Democrats may signal a rough road ahead.
Democrats and Republicans in Congress generally reacted according to their party’s customary talking points, with the former praising Biden’s unity calls and the latter zeroing in on the higher taxes and bigger deficits they foresee.
Many of the Democratic reactions showed unalloyed praise, such as that of House Democratic Caucus Chairman Hakeem Jeffries (D-N.Y.), who said on MSNBC that Biden’s speech showed the president “is not running away from the big solutions that are necessary. He’s running toward them and laying them out in a very clear and simple yet compelling fashion.”
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