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| Home Front: Politix |
| Plugs or Somebody.....Plans Biggest Fed Tax Hike Since 1993 To Fund Infrastructure, Climate Initiatives |
| 2021-03-15 |
| [Bloomberg via ZERO] Households across the US rejoiced over the weekend as they received their first stimulus checks. And as BofA's team of analysts parses exactly how millions of Americans will spend this money (will they buy washing machines and toasters? Or dump it into crypto/GME?), Bloomberg is out with a chilling report alerting Americans to the inevitable reality that President Biden is about to switch gears from spending to fundraising. Of course, we use that term loosely: Despite the fact that Biden just shelled out another $1.85 trillion to finance a third round of stimulus checks (not to mention hundreds of billions in handouts to states and municipalities), his administration isn't raising money to pay for that. Instead, they're looking to finance a Democratic "New New Deal". Breaking with his former boss, Barack Obama (who signed legislation to make most of the Bush-era tax cuts permanent), Biden is embarking on what could be the biggest federal tax hike since 1993 (remember 'no new taxes'?) to finance an infrastructure plan, Biden's climate-change initiatives, health care and economic inequality. |
| Posted by:Besoeker |
| #11 Size Matters For Biden's Infrastructure Package... Which Goldman Says Could Reach $4 Trillion |
| Posted by: Skidmark 2021-03-15 18:43 |
| #10 ^Teaching colleges. Social service agencies. Scholarships for "disadvantaged". |
| Posted by: g(r)omgoru 2021-03-15 16:04 |
| #9 Infrastructure???. I don't think they know what that word means. |
| Posted by: Dale 2021-03-15 15:49 |
| #8 FICUS - Fraud In Chief of United States |
| Posted by: Frank G 2021-03-15 14:32 |
| #7 give him time (if he's got it) he'll outdo himself. |
| Posted by: Chris 2021-03-15 14:18 |
| #6 He's the worst "non" president ever. |
| Posted by: 746 2021-03-15 13:42 |
| #5 More funds for Unions and their broken self-administered pension systems. 'Climate Initiatives' usually would denote Teachers and AFSCME too. 'Nuff said. |
| Posted by: Mullah Richard 2021-03-15 12:48 |
| #4 'War on Infrastructure' and 'War on Climate Change' to replace ageing 'War on Terror' and the really long-in-the-tooth 'War on Drugs' as campaign issues. |
| Posted by: CrazyFool 2021-03-15 12:41 |
| #3 The new contender for Worst President Ever. |
| Posted by: Abu Uluque 2021-03-15 12:16 |
| #2 Every Presidential candidate promises to fix America's decaying infrastructure. Seems the ideal campaign promise is there is always decaying infrastructure somewhere isn't there. |
| Posted by: rjschwarz 2021-03-15 09:44 |
| #1 Cover or code word for more institutional theft? I thought Obummer won the title for the biggest infrastructure (shovel-ready jobs, yadayadayada), climate change initiatives? The problem is no one can point to any improvements. |
| Posted by: JohnQC 2021-03-15 09:15 |