That total includes Biden’s “billionaire tax,” which would impose a 25% minimum tax on individuals with wealth of over $100 million. The Treasury estimated it would raise $502 billion over the decade.
What Biden actually accomplished is locked in half of the trump 1 tax cuts for the rich and corporations. They were all supposed to expire, but Biden let them keep $1.5 Trillion of cuts. It’s important to understand that this keeps actual corpo tax rates, after all the loopholes, at about 11-12% for the most profitable companies in the world.
Now Trump is doing another $3T in cuts, just as soon as those pesky democrats stop complaining about Epstein files and return to the office.
Exactly, it’s not like wealth inequality just suddenly started being a problem in the last four years, the fact that he tried to campaign for reelection on this after doing jackshit about it over his first term just underscores how stupid all of his consultants must have thought we were
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Did this get passed though?
What Biden actually accomplished is locked in half of the trump 1 tax cuts for the rich and corporations. They were all supposed to expire, but Biden let them keep $1.5 Trillion of cuts. It’s important to understand that this keeps actual corpo tax rates, after all the loopholes, at about 11-12% for the most profitable companies in the world.
Now Trump is doing another $3T in cuts, just as soon as those pesky democrats stop complaining about Epstein files and return to the office.
Exactly, it’s not like wealth inequality just suddenly started being a problem in the last four years, the fact that he tried to campaign for reelection on this after doing jackshit about it over his first term just underscores how stupid all of his consultants must have thought we were