It seems Senate Minority leader Mitch McConnell and President Biden are back on speaking terms. The Kentucky senator revealed that the President called him to discuss his forthcoming infrastructure bill in an attempt to sway Republicans to support the massive piece of legislation. The proposed bill includes massive corporate tax hikes and McConnell along with many Republicans have already signaled they will not support the bill.
The bill would increase the corporate taxes up from 21 percent to 28 percent. In 2017, the Trump administration cut the corporate tax rate down from 35 percent, with his popular Tax Cuts and Jobs Act.
The Hill reports:
“He called me about it yesterday,” McConnell told reporters in Kentucky about his talk with Biden.
McConnell, on Wednesday, signaled that he was “not likely” to support the final bill if it included raising taxes or deficit spending, even if it included funds for infrastructure projects in Kentucky.
McConnell said the plan includes “not only significantly more borrowing but raising taxes on the most productive parts of our economy,” adding that Congress wasn’t in a “very bipartisan period.”
“This is not going to be apparently an infrastructure package. It’s like a Trojan horse. So it’s called infrastructure but inside the Trojan horse is going to be more borrowed money and massive tax increases,” he said.
Former President Trump blasted Biden’s plan calling it an attack on the American Dream.
My poor kids and their chidren. I fear for them
THAT IS WHY YOU HAVE TO TEACH YOUR CHILDREN EARLY IN LIFE AMERICAN VALUES, CHARACTER, AND MORALS , AND NOT TO BE SHEEP !!!
This is absolutely the very first time I am grateful to not have been blessed with grandchildren. I am very sorry for my child but the Lord knows best. God please change people’s behavior in this country and save our Constitution and our country. Thank you Jesus it is your name we pray.
Good for McConnell ! Finally someone is standing up to all this Democrat nonsense. And, the stimulus is also BS. I know that I paid off debt and am sure if folks are smart they are paying off debt also. Especially credit cards. That doesn’t stimulate the economy like the left says. Beware of free money, they will get us in the end with higher taxes.
The Democrats are already proposing massive tax increases. They will hide much of it as “business taxes”, which are ultimately paid in various ways by individuals, the greatest amounts by the middle class, where the most money is available. Individuals ultimately pay ALL business taxes.
Some members of my family own a small commercial property. Because of the shutdown the tenant of the property has gone out of business, This has of course eliminated the income from that source. They are now considering selling the property but have been informed that the government will tax the sell at 50%. This is a loose/loose situation for them. So the government first ruins people’s financial life and then tax to death what is left of it.
The worthless Biden post office can’t even mail the checks
Save that stimulas money for the higher gas ,and inflation that is coming real soon,big companies dont pay taxes,they pass it a long to the little people,in the form of higher prices
Senile spendthrift Joe Biden couldn’t manage an $847 billion stimulus, wow with $2 trillion the USA is in deep dodo!
This “president” is a senile old fuck that has Sundowners and has no clue what the fuck is going on. Put him out to pasture and as far as Harrless just put her out.
They called that infamous phone call not a “person to person “ call but a “MORON TO MORON “ call .
The Leaders we elected to make the proper political and economic decisions for the We The People, are supposed to manage our Country properly. Someone tell me, just how is it “proper” fiscal management, to borrow, yes borrow, Trillions of dollars from future generations not yet even born. Politicians have always been able to “rationalize” massive spending, of course, tax increases also, via the tired mantra, “it’s so good for you”. FUBAR Joe tells us there will be “no tax increases for those earning less than four hundred thousand dollars a year. However, those who do provide all of us with necessary goods and services, will WILL pass along to all of us their increased costs via, for sure, price increases. But, importantly for FUBAR Joe, those price increases we all will be, thus, forced to pay, are not literally “tax increases”. Yet they impact and reduce all of our incomes just the same. FUBAR Joe, simplistically, is just another elite, disconnected from Reality, tax-and-spend Democrat/Liberal/Socialist.
Biden’s call was purely PR. He has no intention of allowing Republicans any participation in drafting legislation. That was clearly evident in the passage of the Covid “relief” bill.
This guy an his administration is driving this country to the poor farm. He is so f n stupid
There are other ways to pay for infrastructure, bonds, private partnership… This spending is pay back to the unions and the left for their votes. Obama even said re: his stimulus – “there were no shovel ready jobs” he laughed! The US tax payer is being made to pay leftist big spending pay back. Corrupt.
We can not afford Biden’s price tag. And we have no idea how much of allocated funds would be syphoned off for Pelosi’s pet social projects. I would also like to see more details about the proposed projects and what companies would be hired to do the work. When Obama was in office he proposed a new rail system but he wanted to buy the technology from China and have them build it with Chinese workers. Nothing for American industry or American workers. We should already have learned to be wary of any Biden plan. Their results are not generally good.