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 Incontinent-geriatric Biden releases insane $3.2 trillion tax grab, highlighting divisions with Sanders and Warren

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Incontinent-geriatric Biden releases insane $3.2 trillion tax grab, highlighting divisions with Sanders and Warren Vide
PostSubject: Incontinent-geriatric Biden releases insane $3.2 trillion tax grab, highlighting divisions with Sanders and Warren   Incontinent-geriatric Biden releases insane $3.2 trillion tax grab, highlighting divisions with Sanders and Warren Icon_minitimeWed Dec 04, 2019 10:50 pm

Former vice president Joe Biden released a plan Wednesday to raise $3.2 trillion in taxes over 10 years to pay for his domestic spending proposals, including on health care and climate, as he seeks to cast himself as the fiscal moderate in the Democratic presidential primary amid pressure from his liberal rivals.
Biden’s plan calls for raising the tax rate paid by corporations from 21 percent to 28 percent, still below the 35 percent level in place before the 2017 GOP tax cut law. He also plans to raise $800 billion from new taxes on capital gains primarily paid by investors, as well as $400 billion from imposing a new 15 percent corporate minimum tax that aims to ensure big firms pay at least some taxes, among other measures.
Biden “is committed to being transparent with the American people about the smart and effective ways he’d pay for the bold changes he’s proposing,” said Stef Feldman, Biden’s policy director.

https://www.unionleader.com/news/national/biden-releases-trillion-tax-plan-highlighting-divisions-with-sanders-and/article_69c89dba-8ace-5887-9acc-f91ed6ee0be9.html

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