Home 2017 tax cuts Hey Disney, Apple, ExxonMobil – Joe Biden is coming to collect taxes anyway!

Hey Disney, Apple, ExxonMobil – Joe Biden is coming to collect taxes anyway!

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On comments on the August employment report, which fell far short of predictions In large part due to the rise of the Delta coronavirus, President Joe Biden told Fridat that the economic recovery from the coronavirus recession won’t really take off until we also end the damn pandemic. He too targeted large corporations who have launched a lobbying effort to mitigate the proposed tax increases for Biden’s Build Back Better reconciliation plan, saying that he is not going to let the fat cats win and, in fact, is eager to “confront” them.

Reversing many of the 2017 tax cuts for corporations and the wealthy, and eliminating tax advantages that only benefit the wealthiest Americans, are a key component of Biden’s agenda, and he made it clear Friday that he is not gambling. . Behold!


Biden noted that with the beginning of Labor Day weekend, it’s a good time to remember the central goal of his economic agenda: to build an economy that works for ordinary Americans, rather than constantly reap the benefits for Wall Street and corporate interests.

It’s about growing our economy from the bottom up and the middle out, providing some extra breathing space for families, and my dad would just say, “Just a little breather,” creating an environment where employers have really engaged. to compete. – compete for workers by providing higher wages and better benefits.

That’s what’s happening. Wages went up, especially for working-class Americans.

Biden vowed to continue to do his best to increase vaccination rates and contain the spread of the virus, and he was dedicated to defending his economic package, noting that the economy is doing well enough that what is needed now is not a stimulus. short term. but rather making investments in the future that help families and workers, such as creating jobs, providing support that enables parents to work, and making infrastructure resilient to climate change.

How are we going to do that? We will do this by leveling the playing field; simply with a fair system in which we ask the largest corporations and the wealthiest Americans to start paying their fair share, not more.

They can still make millions of dollars. The super rich will still be able to have three houses. It will not affect anything.

However, the fact is that it is about time you started paying your fair share.

the Washington Post reported this week that U.S. companies, including giants like Apple, Disney, ExxonMobil and Pfizer, have launched a lightning lobbying to take down much of the Build Back Better budget package. Well, no thanks, Joe said, we will not accept lobbying efforts aimed at trying to “escape their obligation to pay the taxes they owe by letting working families pay more of the burden.”

And this has worked in the past, with significant lobbying efforts, but I don’t think it will work for me.

For those big corporations that don’t want things to change, my message is this: it’s time for working families, the people who built this country, cut their taxes.

And those corporate interests that do everything they can to find allies in Congress to prevent that from happening, let me be, as the old phrase goes, perfectly clear: I’m going to confront them.

We really like this Fightin ‘Joe Biden. Is talking about wealth redistribution? Biden was smart enough to avoid the term, but his whole point is that for decades, tax laws have focused on distributing wealth unfairly to people who can afford to let lobbyists rig the game.

Instead, it’s time to make the economy work for the people who do the real work, and the result, he said, is that once the rich and corporations are paying their fair share, jobs will be created and the middle class will expand. . And for God’s sake, that should be good news for One Percent too:

Look, think about it: throughout our history, when the middle class has done well, when it thrives, has there ever been a time when the rich and corporate America did not do well? I can’t think of one.

And that’s what Labor Day is all about, Charlie Brown.

[White House / Business Insider / WaPo / CNBC]

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