Biden Tax Hike, Because.... Why?

[Bushmaster]

Biden Admin Justifies Tax Hike Based On Racial Criteria

The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality.

Increasing taxes on capital gains and income-based wealth would reduce racial wealth inequality for black and Hispanic families, the Treasury Department outlined in the analysis published in mid-March.

The Treasury points out that white families disproportionately hold assets subject to capital gains tax or are in a higher tax bracket, meaning a hike in those taxes would benefit black and Hispanic families.

https://www.msn.com/en-us/money/mark...6ac14a8d&ei=10

According to the Federal Reserve Bank of St. Louis, in 2024, Black families still only owned about 24 cents for every $1 of white family wealth. Therefore, supporters argue that higher capital gains taxes could contribute to addressing this longstanding disparity.
https://www.msn.com/en-us/money/mark...a8a2c441&ei=13

Take that rich white people!

[kcadrenalin]

The adults are back in charge.

Spoiler!

after pudding and a nap

[Procta]

we did it Joe

[ezmac31]

So much for that over $400k thing huh?

[yabbayabba]

When the lefty runs out of things to virtue signal about.

[FelixTheCat1919]

So much for that over $400k thing huh?

The "in only impacts people making over $400k" is big of a lie as "40 days and 40 nights, 40 this 40 that..."

[SaltyDog920]

Back door way to target a certain race. Some shady ****.

[AlfBundy]

And these are the same people that cry about voter ID targeting blacks

Scum of the earth

And this won't balance the racial wealth gap in the slightest. It won't make it budge one bit

[NYPat]

What Biden should have done was target red voters and increased their taxes.. like Trump did to blue voters.

Or is that diffe(R)ent?

Back door way to target a certain race. Some shady ****.

You mean like voter suppression laws in red states?

Cry some more.

[mulletwarrior]

This is pretty fukken stupid move on both republicans and dems part.

How dems think it can be viewed as positive to frame a racially-neutral tax as "we gonna get them white ppl" shows how out of touch they are.

And the fact that repubs are latching on to that narrative shows they are disingenuous.


We do need some more tax brackets for higher earners, but taxing all capital gains at ordinary rates is just retarded as well.

[frankdtank20]

-It would somewhat reduce racial wealth inequality
-By hurting more people at the top it doesn't materially improve anything for people in the middle or bottom. It will make some people feel good, mostly bureaucrats, as average people DGAF and just want their own lives to improve, which taxing the rich more doesn't accomplish.

[yabbayabba]

What Biden should have done was target red voters and increased their taxes.. like Trump did to blue voters.

Or is that diffe(R)ent?








You mean like voter suppression laws in red states?

Cry some more.

We obviously know you're not going to be in the tax bracket to get extra taxed...but just ****ing LOL your first response is crying Trump whataboutism. Not that we should expect anything less from Madcow watchers at this point.

[AlfBundy]

You mean like voter suppression laws in red states?

Cry some more.

[NYPat]

We obviously know you're not going to be in the tax bracket to get extra taxed...but just ****ing LOL your first response is crying Trump whataboutism. Not that we should expect anything less from Madcow watchers at this point.

Trump raising taxes on certain people is the same as the claim about Biden - not whataboutism.

But good job crying about Maddow which literally has nothing to do with this thread.

[Retoaded]

Hey lets help raise up black people.


You know, by tearing down white people.

[FelixTheCat1919]

-It would somewhat reduce racial wealth inequality
-By hurting more people at the top it doesn't materially improve anything for people in the middle or bottom. It will make some people feel good, mostly bureaucrats, as average people DGAF and just want their own lives to improve, which taxing the rich more doesn't accomplish.

Nailed it.

Also, these hikes will absolutely hurt the middle class. Just like everything other lie about taxes "only effecting the rich".

[LizzieTish]

Take that rich white people!

"White rich people" from the governments point of view, is anyone making as little as $15.00 an hour. TPTB want your homes FORECLOSED and you evicted from your apartment from inability to pay rent. They will leave the millionaires alone and go after everyone else making anywhere from $25,000-250,000 a year. Obama pushed similar lies as Xiden when he was in office.

[BigDickBlack]

Trump raising taxes on certain people is the same as the claim about Biden - not whataboutism.

But good job crying about Maddow which literally has nothing to do with this thread.

Ha ha ha "NYPat" Freaking insane NY libturd I take it? Tranee loving ****.
Probably loves Barry Soetero and weekly bathhouse visits.

[Bushmaster]

What Biden should have done was target red voters and increased their taxes.. like Trump did to blue voters.

Or is that diffe(R)ent?

[Jasonw1178]

Have's vs have not's. They are just going to tax you to the point it becomes almost unattainable until you become a have not. Eventually nobody has everything but that's the goal of communism, where everyone is equally poor.

[BigDickBlack]

Joe's a "daughter raper".

[x-trainer ben]

1. https://home.treasury.gov/policy-iss...enue-proposals
2. https://home.treasury.gov/system/fil...orm-FY2025.pdf
3. it won't make it through congress....

[Bushmaster]

1. https://home.treasury.gov/policy-iss...enue-proposals
2. https://home.treasury.gov/system/fil...orm-FY2025.pdf
3. it won't make it through congress....

Not only should it not get that far Benny, but it shouldn't even be a topic of discussion.

[x-trainer ben]

Not only should it not get that far Benny, but it shouldn't even be a topic of discussion.

You can make political proposals for appearance sake, as all politicians do, but most of this proposal is about wealth, trusts, and higher taxes..... not race, Mr. race.
dig deeper, do a deep dive.

[RIKTER]

in 2024, Black families still only owned about 24 cents for every $1 of white family wealth.

Whats the wealth gap between blacks and jews or blacks and asians/indians...or between black Americans and black immigrants?

Wouldn't comparing minority groups to one another make more sense?

Of course by doing that, their narrative falls apart as the wealth gap between blacks and jews/asians is even greater than whites.

In 2019, Black immigrant-headed households had a higher median income than households headed by members of the U.S.-born Black population.

The Black immigrant household population’s median was $54,700 and the U.S.-born Black household population’s median was $42,500.

Some 14% of Black immigrants lived below the poverty line in 2019 (before the COVID-19 pandemic), a rate below that of U.S.-born Black Americans (19%)

PS. reparations in some form or another are coming and your retirement/assets will pay for it....but..but..but they cant do that!!11 said the ratarded whitey voter

[Bushmaster]

You can make political proposals for appearance sake, as all politicians do, but most of this proposal is about wealth, trusts, and higher taxes..... not race, Mr. race.
dig deeper, do a deep dive.

FML Benny, did you even read the links in the OP?

"The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality.

Increasing taxes on capital gains and income-based wealth would reduce racial wealth inequality for black and Hispanic families, the Treasury Department outlined in the analysis published in mid-March.

The Treasury points out that white families disproportionately hold assets subject to capital gains tax or are in a higher tax bracket, meaning a hike in those taxes would benefit black and Hispanic families."

[NitrogenWidget]

[NitrogenWidget]

FML Benny, did you even read the links in the OP?

"The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality.

Increasing taxes on capital gains and income-based wealth would reduce racial wealth inequality for black and Hispanic families, the Treasury Department outlined in the analysis published in mid-March.

The Treasury points out that white families disproportionately hold assets subject to capital gains tax or are in a higher tax bracket, meaning a hike in those taxes would benefit black and Hispanic families."

cliffs- black and Hispanic are poor so lets take more from white people to make them just as poor.

anyone who thinks this is smart is dumb AF.

[Bushmaster]

cliffs- black and Hispanic are poor so lets take more from white people to make them just as poor.

anyone who thinks this is smart is dumb AF.

Biden: "Imma tax rich white people to help poor black people."

Benny: "It's not about race!"

[SaltyDog920]

What Biden should have done was target red voters and increased their taxes.. like Trump did to blue voters.

Or is that diffe(R)ent?








You mean like voter suppression laws in red states?

Cry some more.

"Black people are too dumb and poor to get free state issued IDs"

-RAPEYPat