Biden Says He Will Raise Taxes Even If The Economy Is Still In The Midst Of The Pandemic


Joe Biden said today that he still plans to make repealing Trump’s tax cuts a top priority, even if the economy continues to suffer because of the coronavirus pandemic.

That’s a bold strategy. When you’re hanging on by your thumbs, announce more tax increases at the apex of a crisis for no value in return. It’s alright because most of his base doesn’t pay any taxes anyway, so let’s punish everyone else.

KERNEN: “Mr. Vice President, I just wanted to clear up one more thing for sure. So you’re on record, you would repeal Trump tax cuts immediately and then raise taxes even further right away, even if the economy is still in the midst of this pandemic? Would you do that if elected?”

BIDEN: “I would repeal the $2 trillion tax cut for the folks who are making over a million bucks a year because it’s demonstrated — it’s demonstrated very little or no growth.”

KERNEN: “Corporations?”

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BIDEN: “The corporate tax rate, I’d move back to what I had proposed at 28%, what we had proposed at 28%.”

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