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Things seem to be going quite well for Joe Biden

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Enchubben

Enchubben 5559

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4 minutes ago, Mrs Whiggins said:

I did a rudimentary search and came up with zilch, but someone posited that (paraphrasing because I can't find their post) that the truth wasn't the point, but that they are hoping to use it as a constant thorn in Biden's side for the next four years if he wins. They've laid the groundwork for the disinfo and they can keep it at a low hum because enough people want to believe?

Whoever you are/were my memory is aging quickly so I'm sorry I can't recall who it was. It struck me as pretty on point though.

This storyline sounds familiar, where do I think I have seen this before.....

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Thatguy
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Alright T-tom. I am going to address this post because I am the best one for the job. I will address it number by number. 1) I am assuming that marginalized group you are talking about is us, Bla

Chooky
Chooky

Somebody should write a song about the privileged fortunes of being a senator's son because this is a totally new phenomenon.  Somebody with musical talent, because it ain't me.  

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Dahobbs

As you continue to ponder hypocrisy, please also refuse to address the following: T-Mobile spending over $195,000 at Trump Hotel while it lobbied for approval of its merger with Sprint, despite

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BradInATX

BradInATX 9208

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Posted
I did a rudimentary search and came up with zilch, but someone posited that (paraphrasing because I can't find their post) that the truth wasn't the point, but that they are hoping to use it as a constant thorn in Biden's side for the next four years if he wins. They've laid the groundwork for the disinfo and they can keep it at a low hum because enough people want to believe?
Whoever you are/were my memory is aging quickly so I'm sorry I can't recall who it was. It struck me as pretty on point though.
Of course. They're already setting up the groundwork to obstruct Biden's presidency. As long as the noise is loud and catchy enough to keep morons putting coins into Rupert Murdoch's stupidity and hate machine, they'll keep pumping the noise out.

It deserves no serious engagement. Dishonest and low-integrity arguments and people need to sit at the kids table where they belong. Let's never lose focus on that just because Trump is gone.
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Enchubben

Enchubben 5559

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Posted
1 minute ago, SizzleChest said:

Biden's going to get impeached over this, y'all.  Without control of Congress and, you know, for things he didn't do as a private citizen. 

FNC, OAN, Breitbart, etc. will make this the clarion call for the new resistance.  Killer ratings!

To your point - I think something like that is extremely unlikely, but I also don't think that is the end game. It's about making people choose between policy agenda instead of character or presidential candor. If both guys are assholes, do I want one that raises my taxes, wants to cripple the US energy industry and endorses some fantasy land green new deal or the orange guy with weird hair?

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BradInATX

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First: we won't cover it because it can't be verified!
Second: we won't review evidence, because there isn't enough evidence to support the evidence.
Third: let's find some random non-published internet conspiracy theory, debunk it, then resume not covering or reviewing the evidence. (NBC)
They really only have to run out the clock for a few more days so maybe this is a viable strategy. 
Try to channel pre-hysteria and conspiracy Enchubben, if there's any left in there. Look at what you're saying. Really look at it. It's crazy person stuff, man. Legitimately.
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Mrs Whiggins

Mrs Whiggins 13050

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1 minute ago, Enchubben said:

To your point - I think something like that is extremely unlikely, but I also don't think that is the end game. It's about making people choose between policy agenda instead of character or presidential candor. If both guys are assholes, do I want one that raises my taxes, wants to cripple the US energy industry and endorses some fantasy land green new deal or the orange guy with weird hair?

Empathy is under-rated.

I was listening to a podcast. *Democracy is based on empathy. Empathy is patriotic. Empathy is a powerful idea and we need to talk about it more because empathy can be behind policy.

*Quotes from the podcast

Democracy does not have to be winners and losers and suckers.

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Enchubben

Enchubben 5559

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Posted
Just now, BradInATX said:
5 minutes ago, Enchubben said:
First: we won't cover it because it can't be verified!
Second: we won't review evidence, because there isn't enough evidence to support the evidence.
Third: let's find some random non-published internet conspiracy theory, debunk it, then resume not covering or reviewing the evidence. (NBC)
They really only have to run out the clock for a few more days so maybe this is a viable strategy. 

Try to channel pre-hysteria and conspiracy Enchubben, if there's any left in there. Look at what you're saying. Really look at it. It's crazy person stuff, man. Legitimately.

Conspiracy Theory 1 - Left leaning news sources are choosing not to cover a story that reflects negatively towards the democratic presidential candidate.

Conspiracy Theory 2 - Rudy Giuliani while working for the Russians, convinced a former US Navy Lieutenant and extremely high security clearance (with literally no reason to come forward) to produce hundreds of faked emails, text messages and recordings on a fake laptop from a fake computer repair shop with Hunter's fake signature, verifying the facts. Rudy then convinced an independent cybersecurity expert to verify that evidence, and somehow convinced the FBI to investigate Hunter Biden months ago of money laundering with this same information.

What size tinfoil hat do you wear?

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ndawg

ndawg 1242

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10 minutes ago, Enchubben said:

I think if you are going to argue that people should vote for our next president based on character and honesty, then neither is a suitable candidate. Acting Like Trump is the devil while putting Joe (10% for the big guy/Plausible Deniability) Biden on a pedestal of integrity is well, a bit inconsistent.

That thought has nothing to do with the question I asked. There is a difference between merely continuing a conversation with more words and actually considering an idea that's been presented to you.

You are also exhibiting incredibly binary, bipolar thinking. Since you're invoking religious imagery, I'll use that to illustrate. Let's presume the opposite of "the devil" might be "Jesus" (AKA someone who is utterly sinless). Put any two human beings next to a mythological figure of perfect, blameless action and thought, and we'll all seem like scumbags. Similarly, the earth and moon seem really close to one another when shown in the same frame as, say, Neptune.

Now, remove the idea of a perfect human being out of the spectrum, and then compare the corpus of widely published knowledge about the very public lives they've actually lead. Suddenly, Joe Biden looks squeaky clean by contrast. Yet a small amount of extremely flimsy evidence is all it took for you to become more concerned about the fitness of Joe Biden's character for the job than Trump's.

I'll put this through another lens, too. Suppose you had to actually trust your life savings and the safety of your family to one of these people. You are no longer weighing their characters in a vacuum, you have to actually make a life or death decision based on your judge of their characters. Gut check: who would you trust?

There are many reasons Biden was not my first choice for president, but integrity and honesty are strengths of his.

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BradInATX

BradInATX 9208

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Conspiracy Theory 1 - Left leaning news sources are choosing not to cover a story that reflects negatively towards the democratic presidential candidate.
Conspiracy Theory 2 - Rudy Giuliani while working for the Russians, convinced a former US Navy Lieutenant and extremely high security clearance (with literally no reason to come forward) to produce hundreds of faked emails, text messages and recordings on a fake laptop from a fake computer repair shop with Hunter's fake signature, verifying the facts. Rudy then convinced an independent cybersecurity expert to verify that evidence, and somehow convinced the FBI to investigate Hunter Biden months ago of money laundering with this same information.
What size tinfoil hat do you wear?
Haha yeah it's literally every major media outlet including Fox news and the 290 million Americans who see this as a nonstory that are crazy, because it's certainly not you!
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Enchubben

Enchubben 5559

Posted
Posted (edited)
19 minutes ago, BradInATX said:
28 minutes ago, Enchubben said:
Conspiracy Theory 1 - Left leaning news sources are choosing not to cover a story that reflects negatively towards the democratic presidential candidate.
Conspiracy Theory 2 - Rudy Giuliani while working for the Russians, convinced a former US Navy Lieutenant and extremely high security clearance (with literally no reason to come forward) to produce hundreds of faked emails, text messages and recordings on a fake laptop from a fake computer repair shop with Hunter's fake signature, verifying the facts. Rudy then convinced an independent cybersecurity expert to verify that evidence, and somehow convinced the FBI to investigate Hunter Biden months ago of money laundering with this same information.
What size tinfoil hat do you wear?

Read more  

Haha yeah it's literally every major media outlet including Fox news and the 290 million Americans who see this as a nonstory that are crazy, because it's certainly not you!

Can you also remind which news network hosts Tucker Carlson again? He’s been allocating basically his full time slot to this now for a week.

Edited by Enchubben
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Mrs Whiggins

Mrs Whiggins 13050

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I'm still trying to get my brain around the idea that people who spent a good part of 2019 trashing a decorated Lt. Col for his testimony, lauding a (now) pardoned Navy Seal over some "questionable" activities while serving overseas, and lately turning a blind eye to the former WP first-in-his class cadet turned CIA turned Secretary of State recently called out for the family endeavor of mixing personal and official business among other things, suddenly have a reverence for military truth and honor. Very odd.

 

With respect to Fox, which reporters were let go in their downsizing recently in September? (checks notes) "cut most deeply into the channel's straight news operations (that's fact checkers people) at Fox News Digital and elsewhere" while "protecting the ratings-heavy, revenue-generating domains of 'Fox & Friends' in the morning, and Tucker Carlson, Sean Hannity and Laura Ingraham in prime time."

And the NDAs were draconian according to reports. Sad.

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Bullneck

Bullneck 19316

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49 minutes ago, Enchubben said:

To your point - I think something like that is extremely unlikely, but I also don't think that is the end game. It's about making people choose between policy agenda instead of character or presidential candor. If both guys are assholes, do I want one that raises my taxes, wants to cripple the US energy industry and endorses some fantasy land green new deal or the orange guy with weird hair?

1. You don't want to go to war with Trump's character.  

2. I don't think you make enough money to have to worry about a tax hike.

3. Did you say energy or oil?  Oil and greenhouse gasses are killing the planet.  Oil needs to be replaced by sustainable energy.  Did you not know this?

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Bullneck

Bullneck 19316

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44 minutes ago, Enchubben said:

Conspiracy Theory 1 - Left leaning news sources are choosing not to cover a story that reflects negatively towards the democratic presidential candidate.

Conspiracy Theory 2 - Rudy Giuliani while working for the Russians, convinced a former US Navy Lieutenant and extremely high security clearance (with literally no reason to come forward) to produce hundreds of faked emails, text messages and recordings on a fake laptop from a fake computer repair shop with Hunter's fake signature, verifying the facts. Rudy then convinced an independent cybersecurity expert to verify that evidence, and somehow convinced the FBI to investigate Hunter Biden months ago of money laundering with this same information.

What size tinfoil hat do you wear?

Rudy didn't convince anyone of anything.  The Russians gave him info and he's running with it.  

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Enchubben

Enchubben 5559

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Posted
2 minutes ago, Bullneck said:

1. You don't want to go to war with Trump's character.  

2. I don't think you make enough money to have to worry about a tax hike.

3. Did you say energy or oil?  Oil and greenhouse gasses are killing the planet.  Oil needs to be replaced by sustainable energy.  Did you not know this?

1) probably not. - I think trump is a reprehensible human being, but will still be a better president with better policy. I think joe Biden is pretty stand up human being, and a shitty politician with a shitty policy agenda with his own self and political party interests at heart.

2) well I’m no nurse like others on this site, but I do well enough to hopefully be impacted in a couple years. Also estate tax reform could be an issue.  My business is also predicated on businesses investing here in the US and Biden tax reform would hurt me most there.

3) I think I said, energy, not sure; you can fact check me though. Disagree on much of this point but that’s probably a different thread discussion. 

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Foosters

Foosters 17918

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Posted
1 minute ago, Enchubben said:

Hahahahahahah. I know there were still some Russia Russia Russia folks here. 

Right. Like our intelligence agencies.

I know, I know. You prefer to put your faith in anonymous sources on incel message boards. And good luck with that.

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SmokeyTheBear

SmokeyTheBear 5569

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5 minutes ago, Enchubben said:

Hahahahahahah. I know there were still some Russia Russia Russia folks here. 

Why isn't any of the media you follow making a bigger story out of the FACT that Bin Laden hasn't been killed???!!! That's the biggest outrage so far. That Hussein Obammer lied to us and the media isn't doing anything about it! 

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hobbes2702

hobbes2702 13152

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Posted
2 hours ago, Enchubben said:

The difference is Trump and his family had business interests all over the world prior to being involved in politics. Hunter Biden (and his dad if you believe the authentic emails etc are valid) had business interest all over the world because of being in politics.  There is a difference. 

Do you care about rich people going into politics, or people in politics becoming rich?

Neither. 

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Neonmoon

Neonmoon 38130

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I have most of these trolls on ignore so I can only read when someone quotes them. But for the love of Jesus, no President will cripple the US energy industry. Supply and demand is the only thing that affects the health of the industry. Anyone who say X President will cripple/energize the industry has zero idea what they’re talking about. (Yes I realize it’s more nuanced than that but the simpletons can’t understand big words)

Biden is not outlawing fracking, and even if he did, it would only be enforceable on Federal Land. Federal Land doesn’t make up a large portion of the fairway of most plays. 
 

The price collapse in 2014 wasn’t because of policy, it was because there was too much supply from too much drilling. The supply was being cut down over the past 5 years, but then the pandemic happened and a large chunk of demand was erased. These are the things that affect the oil industry. Not Presidential policy  

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Brandywine

Brandywine 1320

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Posted
1 hour ago, BradInATX said:

Of course. They're already setting up the groundwork to obstruct Biden's presidency. As long as the noise is loud and catchy enough to keep morons putting coins into Rupert Murdoch's stupidity and hate machine, they'll keep pumping the noise out.

It deserves no serious engagement. Dishonest and low-integrity arguments and people need to sit at the kids table where they belong. Let's never lose focus on that just because Trump is gone.

Let me think - Mitch McConnell will say his goal is to make Joe Biden a one term President. So Mitch and his crooked party will obstruct at every turn, making sure Biden is attached to COVID, national debt due to tax cuts for the wealthy, and bad foreign agreements and relationships, and other. FoxNews can’t wait, they’re licking their lips.  The new fear is about to happen. 

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The Ace of Aces

The Ace of Aces 5326

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Posted

Someone here still believes the Hunter stuff is 1) real and 2) matters? LOL

Rudy’s so stupid he got conned with Russian bulls hit that uses a made up person to write a made up “intelligence” report. 

https://www.nbcnews.com/politics/2020-election/here-s-what-happened-when-nbc-news-tried-report-alleged-n1245533?cid=sm_npd_nn_fb_ma&fbclid=IwAR0ctL36EWT7gKZIOiGvfPtQuJ4PzBysiz3MZs3IqUWWZKS-7eGKxo5NCoE&fbclid=IwAR2HWfE-UwmK8bvCP7QeYeXDMavaglkRu4TKjwKJXOCJ1-2kZdPvfGVgx00

But yes let’s keep focusing in this instead if the fact the guy n charge if trade with China is literally employed by the Chinese government. 

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Gil Bang

Gil Bang 26099

Posted
Posted

 

33 minutes ago, Brandywine said:

Let me think - Mitch McConnell will say his goal is to make Joe Biden a one term President. So Mitch and his crooked party will obstruct at every turn, making sure Biden is attached to COVID, national debt due to tax cuts for the wealthy, and bad foreign agreements and relationships, and other. FoxNews can’t wait, they’re licking their lips.  The new fear is about to happen. 

Make no mistake; these cocksuckers will all become fiscal conservatives and deficit hawks on January 20, 2021.  And fucksticks like Rand Paul will be leading the pack. 

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Francisco 2.0

Francisco 2.0 32432

Posted
Posted
4 minutes ago, Gil Bang said:

 

Make no mistake; these cocksuckers will all become fiscal conservatives and deficit hawks on January 20, 2021.  And fucksticks like Rand Paul will be leading the pack. 

Shit, they will become fiscal conservatives on November 4, if Biden wins.  And these fuckers will not pass a covid stimulus of any kind because the country "can't afford it".

 

 

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Mole

Mole 4336

Posted
Posted
1 hour ago, SmokeyTheBear said:

Why isn't any of the media you follow making a bigger story out of the FACT that Bin Laden hasn't been killed???!!! That's the biggest outrage so far. That Hussein Obammer lied to us and the media isn't doing anything about it! 

Wait, you and some other people here actually believe that there was ever a World Trade Center? Sheep. DO SOMETHING!!

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hobbes2702

hobbes2702 13152

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Posted
1 hour ago, Enchubben said:

1) probably not. - I think trump is a reprehensible human being, but will still be a better president with better policy. I think joe Biden is pretty stand up human being, and a shitty politician with a shitty policy agenda with his own self and political party interests at heart.

2) well I’m no nurse like others on this site, but I do well enough to hopefully be impacted in a couple years. Also estate tax reform could be an issue.  My business is also predicated on businesses investing here in the US and Biden tax reform would hurt me most there.

3) I think I said, energy, not sure; you can fact check me though. Disagree on much of this point but that’s probably a different thread discussion. 

1) Trump has exactly zero policy proposals and his party didn’t even adopt a party platform.

2) So you’re not impacted then. Explain how exactly his tax plan would hurt your business. 

3) You don’t believe in climate change apparently. 

Why do y’all always try to do this? You don’t support trump because of policy, or taxes, or energy. If you do then frankly you’re too uninformed to even participate in this discussion.

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Bullneck

Bullneck 19316

Posted
Posted
2 hours ago, Enchubben said:

1) probably not. - I think trump is a reprehensible human being, but will still be a better president with better policy. I think joe Biden is pretty stand up human being, and a shitty politician with a shitty policy agenda with his own self and political party interests at heart.

2) well I’m no nurse like others on this site, but I do well enough to hopefully be impacted in a couple years. Also estate tax reform could be an issue.  My business is also predicated on businesses investing here in the US and Biden tax reform would hurt me most there.

3) I think I said, energy, not sure; you can fact check me though. Disagree on much of this point but that’s probably a different thread discussion. 

You said energy, but maybe you can explain how Biden will cripple the nuclear, wind, and solar industries.

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Sawbonz

Sawbonz 27779

Posted
Posted
4 hours ago, Enchubben said:

The difference is Trump and his family had business interests all over the world prior to being involved in politics. Hunter Biden (and his dad if you believe the authentic emails etc are valid) had business interest all over the world because of being in politics.  There is a difference. 

Do you care about rich people going into politics, or people in politics becoming rich?

So it’s OK to commit crimes if you are already rich? someone accused you of having a graduate degree in one of these posts. I’m guessing university of Phoenix 

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Sawbonz

Sawbonz 27779

Posted
Posted
3 hours ago, Enchubben said:

First: we won't cover it because it can't be verified!

Second: we won't review evidence, because there isn't enough evidence to support the evidence.

Third: let's find some random non-published internet conspiracy theory, debunk it, then resume not covering or reviewing the evidence. (NBC)

They really only have to run out the clock for a few more days so maybe this is a viable strategy. 

And Fox News and Tucker Carlson are now in on the conspiracy!!!

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Sawbonz

Sawbonz 27779

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Posted
3 hours ago, Enchubben said:

Can you also remind which news network hosts Tucker Carlson again? He’s been allocating basically his full time slot to this now for a week.

He should have the incriminating documents “lost” by UPS in hand now. He’s going to read them in air tonight right?

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Enchubben

Enchubben 5559

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Posted
45 minutes ago, hobbes2702 said:

1) Trump has exactly zero policy proposals and his party didn’t even adopt a party platform.

2) So you’re not impacted then. Explain how exactly his tax plan would hurt your business. 

3) You don’t believe in climate change apparently. 

Why do y’all always try to do this? You don’t support trump because of policy, or taxes, or energy. If you do then frankly you’re too uninformed to even participate in this discussion.

1) That’s just simply not true and you can find his 2nd term agenda with a 5 second google search.

2) I pretty much laid that out in the other post on both counts. If that’s not enough for you I don’t know what to tell you other than maybe revisit his plan for yourself: https://taxfoundation.org/joe-biden-tax-plan-2020/

3) that’s a loaded comment that isn’t yes or no but you’re choosing to be disingenuous so I guess go take it over to the climate change thread? 

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Cousin Strawberry

Cousin Strawberry 1263

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Posted
On 10/27/2020 at 8:01 PM, TtomTerrific said:

Where did all the money go?

10 million was to go to JP Morgan to Onida Holdings as a non-recourse loan from CFC to Biden Family. Documented from Cairman Xi abs is number 3 guy. Some finance guy “Xang”. Non recourse loan “to capitalize BD family” (Xi’s memo. Not to Sino-Hawk , not to Onida holdings. To BD family. Bobulinski understands BD to mean Biden. 10 million in two tranches to JP Morgan of 5mill each.

Waiting for it to show up

“Roznaft” State owned Russian energy company is selling 14% to his guy Xang. Money still on hold. Xang can’t get into US anymore. Leaving shoe boxes of cash for African leaders. 8 billion for 14% of Roznaft. Figures that his deposits to JP Morgan are on hold due to this.

Then it dawns on him

Hunter


Calls Hunter who is in Xi’s penthouse in NYC cuz only face to face. Hunter is there working as the “personal attorney” for Chairman Xi. And this brokering of the 9 billion to purchase Roznaft. Don’t worry so much about the JP Morgan thing

Seal team is now 24 hours watching over his family due to the death threats they’ve been getting from those who don’t want this coming out. Much more is coming. Hardly scratched the surface of what he’s provided as evidence

Hey man, I don't know you but I feel like you could use a little advice.  You either have an undiagnosed mental illness, a diagnosed mental illness and you aren't taking your meds or you are highly intoxicated.  Your posts are incoherent and make sense to no one.  The above post is what I would expect a hobo to say as he shits in his hand and then sculpts his hair with the feces.  Schizophrenia can be treated and if you would just take medication, you could have a life that isn't a collection of hookers, meth, sadness and failure.  How are you even posting on this website?  I know you can't afford a cellular plan.  You should take a break, I bet someone else at the public library would like to check their emails. 

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Bullneck

Bullneck 19316

Posted
Posted
1 minute ago, Enchubben said:

1) That’s just simply not true and you can find his 2nd term agenda with a 5 second google search.

2) I pretty much laid that out in the other post on both counts. If that’s not enough for you I don’t know what to tell you other than maybe revisit his plan for yourself: https://taxfoundation.org/joe-biden-tax-plan-2020/

3) that’s a loaded comment that isn’t yes or no but you’re choosing to be disingenuous so I guess go take it over to the climate change thread? 

You don't seem too bright, so it's no wonder you like Turmp.

Trump doesn't have a plan for anything.  He just plays golf and reacts to things.  But here you go: 

Spoiler

Building on the incredible achievements of President Donald J. Trump’s first term in office, the President’s re-election campaign today released a set of core priorities for a second term under the banner of “Fighting for You!” President Trump’s boundless optimism and certainty in America’s greatness is reflected in his second-term goals and stands in stark contrast to the gloomy vision of America projected by Joe Biden and Democrats.  

President Trump will further illuminate these plans during his acceptance speech Thursday at the Republican National Convention. Over the coming weeks, the President will be sharing additional details about his plans through policy-focused speeches on the campaign trail.

President Trump: Fighting for You!

JOBS

  • Create 10 Million New Jobs in 10 Months
  • Create 1 Million New Small Businesses
  • Cut Taxes to Boost Take-Home Pay and Keep Jobs in America
  • Enact Fair Trade Deals that Protect American Jobs
  • "Made in America" Tax Credits
  • Expand Opportunity Zones
  • Continue Deregulatory Agenda for Energy Independence

ERADICATE COVID-19

  • Develop a Vaccine by The End Of 2020
  • Return to Normal in 2021
  • Make All Critical Medicines and Supplies for Healthcare Workers in The United States
  • Refill Stockpiles and Prepare for Future Pandemics

END OUR RELIANCE ON CHINA

  • Bring Back 1 Million Manufacturing Jobs from China
  • Tax Credits for Companies that Bring Back Jobs from China
  • Allow 100% Expensing Deductions for Essential Industries like Pharmaceuticals and Robotics who Bring Back their Manufacturing to the United States
  • No Federal Contracts for Companies who Outsource to China
  • Hold China Fully Accountable for Allowing the Virus to Spread around the World

HEALTHCARE

  • Cut Prescription Drug Prices
  • Put Patients and Doctors Back in Charge of our Healthcare System
  • Lower Healthcare Insurance Premiums
  • End Surprise Billing
  • Cover All Pre-Existing Conditions
  • Protect Social Security and Medicare
  • Protect Our Veterans and Provide World-Class Healthcare and Services

EDUCATION

  • Provide School Choice to Every Child in America
  • Teach American Exceptionalism

DRAIN THE SWAMP

  • Pass Congressional Term Limits
  • End Bureaucratic Government Bullying of U.S. Citizens and Small Businesses
  • Expose Washington’s Money Trail and Delegate Powers Back to People and States
  • Drain the Globalist Swamp by Taking on International Organizations That Hurt American Citizens

DEFEND OUR POLICE

  • Fully Fund and Hire More Police and Law Enforcement Officers
  • Increase Criminal Penalties for Assaults on Law Enforcement Officers
  • Prosecute Drive-By Shootings as Acts of Domestic Terrorism
  • Bring Violent Extremist Groups Like ANTIFA to Justice
  • End Cashless Bail and Keep Dangerous Criminals Locked Up until Trial

END ILLEGAL IMMIGRATION AND PROTECT AMERICAN WORKERS

  • Block Illegal Immigrants from Becoming Eligible for Taxpayer-Funded Welfare, Healthcare, and Free College Tuition
  • Mandatory Deportation for Non-Citizen Gang Members
  • Dismantle Human Trafficking Networks
  • End Sanctuary Cities to Restore our Neighborhoods and Protect our Families
  • Prohibit American Companies from Replacing United States Citizens with Lower-Cost Foreign Workers
  • Require New Immigrants to Be Able to Support Themselves Financially

INNOVATE FOR THE FUTURE

  • Launch Space Force, Establish Permanent Manned Presence on The Moon and Send the First Manned Mission to Mars
  • Build the World’s Greatest Infrastructure System
  • Win the Race to 5G and Establish a National High-Speed Wireless Internet Network
  • Continue to Lead the World in Access to the Cleanest Drinking Water and Cleanest Air
  • Partner with Other Nations to Clean Up our Planet’s Oceans

AMERICA FIRST FOREIGN POLICY

  • Stop Endless Wars and Bring Our Troops Home
  • Get Allies to Pay their Fair Share
  • Maintain and Expand America’s Unrivaled Military Strength
  • Wipe Out Global Terrorists Who Threaten to Harm Americans
  • Build a Great Cybersecurity Defense System and Missile Defense System

DEFEND AMERICAN VALUES

  • Continue nominating constitutionalist Supreme Court and lower court judges
  • Protect unborn life through every means available
  • Defend the freedoms of religious believers and organizations
  • Support the exercise of Second Amendment rights

Cliff notes: it's all bullshit.  

 

Here's a 3rd party analysis of Biden's plan:

Spoiler

Are you really going to read this?  Nah . . 

Spoiler

Details of Biden Tax Plan

Biden’s plan includes the following payroll tax, individual income tax, and estate and gift tax changes:

  • Imposes a 12.4 percent Old-Age, Survivors, and Disability Insurance (Social Security) payroll tax on income earned above $400,000, evenly split between employers and employees. This would create a “donut hole” in the current Social Security payroll tax, where wages between $137,700, the current wage cap, and $400,000 are not taxed.[1]
  • Reverts the top individual income tax rate for taxable incomes above $400,000 from 37 percent under current law to the pre-Tax Cuts and Jobs Act level of 39.6 percent.
  • Taxes long-term capital gains and qualified dividends at the ordinary income tax rate of 39.6 percent on income above $1 million and eliminates step-up in basis for capital gains taxation.[2]
  • Caps the tax benefit of itemized deductions to 28 percent of value for those earning more than $400,000, which means that taxpayers earning above that income threshold with tax rates higher than 28 percent would face limited itemized deductions.
  • Restores the Pease limitation on itemized deductions for taxable incomes above $400,000.
  • Phases out the qualified business income deduction (Section 199A) for filers with taxable income above $400,000.
  • Expands the Earned Income Tax Credit (EITC) for childless workers aged 65+; provides renewable-energy-related tax credits to individuals.
  • Expands the Child and Dependent Care Tax Credit (CDCTC) from a maximum of $3,000 in qualified expenses to $8,000 ($16,000 for multiple dependents) and increases the maximum reimbursement rate from 35 percent to 50 percent.
  • For 2021 and as long as economic conditions require, increases the Child Tax Credit (CTC) from a maximum value of $2,000 to $3,000 for children 17 or younger, while providing a $600 bonus credit for children under 6. The CTC would also be made fully refundable, removing the $2,500 reimbursement threshold and 15 percent phase-in rate.[3]
  • Reestablishes the First-Time Homebuyers’ Tax Credit, which was originally created during the Great Recession to help the housing market. Biden’s homebuyers’ credit would provide up to $15,000 for first-time homebuyers.[4]
  • Expands the estate and gift tax by restoring the rate and exemption to 2009 levels.

Biden’s plan also includes the following proposed business tax changes:

  • Increases the corporate income tax rate from 21 percent to 28 percent.[5]
  • Creates a minimum tax on corporations with book profits of $100 million or higher. The minimum tax is structured as an alternative minimum tax—corporations will pay the greater of their regular corporate income tax or the 15 percent minimum tax while still allowing for net operating loss (NOL) and foreign tax credits.[6]
  • Doubles the tax rate on Global Intangible Low Tax Income (GILTI) earned by foreign subsidiaries of US firms from 10.5 percent to 21 percent.
  • In addition to doubling the tax rate assessed on GILTI, Biden proposes to assess GILTI on a country-by-country basis and eliminate GILTI’s exemption for deemed returns under 10 percent of qualified business asset investment (QBAI).[7]
  • Establishes a Manufacturing Communities Tax Credit to reduce the tax liability of businesses that experience workforce layoffs or a major government institution closure
  • Expands the New Markets Tax Credit and makes it permanent.
  • Offers tax credits to small business for adopting workplace retirement savings plans.
  • Expands several renewable-energy-related tax credits, including tax credits for carbon capture, use, and storage as well as credits for residential energy efficiency, and a restoration of the Energy Investment Tax Credit (ITC) and the Electric Vehicle Tax Credit. The Biden plan would also end tax subsidies for fossil fuels.

Other proposals not modeled due to a lack of detailed information include:

  • Imposing a new 10 percent surtax on corporations that “offshore manufacturing and service jobs to foreign nations in order to sell goods or provide services back to the American market.”[8] This surtax would raise the effective corporate tax rate on this activity up to 30.8 percent.
  • Establishing an advanceable 10 percent “Made in America” tax credit for activities that restore production, revitalize existing closed or closing facilities, retool facilities to advance manufacturing employment, or expand manufacturing payroll.[9]
  • Equalizing the tax benefits of traditional retirement accounts (such as 401(k)s and individual retirement accounts) by providing a refundable tax credit in place of traditional deductibility.[10]
  • Eliminating certain real estate industry tax provisions.
  • Expanding the Affordable Care Act’s premium tax credit.
  • Creating a refundable renter’s tax credit capped at $5 billion per year, aimed at holding rent and utility payments at 30 percent of monthly income.
  • Increasing the generosity of the Low-Income Housing Tax Credit.

Updates from our September 2020 Analysis

Since our September analysis of the Biden plan, we have included the Biden campaign proposal to expand the estate and gift tax by reducing the exemption amount to $3.5 million and increasing the top rate for the estate tax to 45 percent,[11] which has impacted our economic, revenue, and distributional estimates.

We have also added a discussion of the effects of Biden’s plan on Gross National Product (GNP), which allows us to examine how it would reduce American incomes.

Updates from our April 2020 Analysis

Since we released our first analysis of Biden’s tax proposals, the campaign has proposed several new tax policies that have impacted our revenue and distributional estimates.

That includes proposals to expand several credits, including the CTC and the CDCTC. The proposed expansion to the CTC would be a major increase in the generosity of the credit by increasing the maximum credit amount up to $3,600 for children under 6 and by making the credit fully refundable without regard to a taxpayer’s income level. The CDCTC would be expanded to a maximum value of $8,000, with a higher maximum refundable percentage of 50 percent.

The Biden campaign has proposed that the CTC expansion remain for 2021 and “as long as economic conditions require,” based on an original proposal in the House-passed HEROES Act.[12] For this proposal, we assume that the expansion lasts for one year, as estimated by the Joint Committee on Taxation (JCT) for the HEROES Act proposal.[13]

In addition to proposed changes to the CTC and CDCTC, Biden has released a proposed plan to reduce offshoring of production and jobs from the United States by modifying the way GILTI is taxed and through other tax incentives. In addition to doubling the GILTI rate to 21 percent, Biden would eliminate the 10 percent deemed return exemption based on qualified business asset investment (QBAI) and would assess the tax on a country-by-country basis.

Biden has also newly proposed a 10 percent surtax on imports from offshored business activity and a 10 percent “Made in America” tax credit to incentivize onshoring; we have not included these two proposals in our estimates due to a lack of detail on their design.

We have also refined our estimate for the Biden minimum book tax on corporations to project the revenue effects of the tax more accurately. In this update, we have included an estimate of Biden’s First-Time Homebuyer’s Tax Credit worth up to $15,000. Additionally, we have included stacked long-term economic effects for each proposal to provide more granularity on each proposal’s economic impact.

Since our original analysis, the Biden campaign has clarified that it will hold harmless taxpayers making under $400,000 from tax increases associated with the proposed 28 percent cap on itemized deductions. We have modified our modeling of this proposal so that filers with less than $400,000 can take the full value of their itemized deductions but those above that threshold have the value of itemized deductions capped at 28 percent.[14]

Finally, the coronavirus pandemic and related economic downturn have impacted the federal government’s budget outlook over the next 10 years, including federal revenue projections. The large economic shock will also affect how much revenue the Biden tax plan would be expected to raise due to a lower baseline level of economic activity, especially in the first few years in the budget window. To account for this effect, we have used the Congressional Budget Office’s (CBO) September 2020 update to the budget outlook to adjust our revenue estimates for each proposal.[15]

Economic Effect

According to the Tax Foundation General Equilibrium Model, Biden’s tax plan would reduce the economy’s size by 1.62 percent in the long run. The plan would shrink the capital stock by about 3.75 percent and reduce the overall wage rate by a little over 1 percent, leading to about 542,000 fewer full-time equivalent jobs.

Table 1. Economic Effect of Biden’s Tax Plan

Source: Tax Foundation General Equilibrium Model, October 2020.

Gross Domestic Product (GDP)

-1.62%

Capital stock

-3.75%

Wage rate

-1.15%

Full-time Equivalent Jobs

 -542,000

The economic effect of Biden’s tax proposals can be separated to show the specific impact of each proposal on long-run economic output (see Table 2).

Table 2. Economic Effect of Biden’s Tax Plan by Provision
Provision Long-Run Change in Economic Output

Source: Tax Foundation General Equilibrium Model, October 2020.

Apply a Social Security payroll tax of 12.4% to earnings above $400,000

-0.18%

Tax capital gains and dividends at 39.6% on income above $1 million and repeal step-up in basis

-0.02%

Restore estate and gift taxes to 2009 levels

-0.15%

Limit the tax benefit of itemized deductions at 28% of value for those earning over $400,000

-0.09%

Raise the corporate income tax to 28%

-0.97%

15% corporate minimum book tax

-0.21%

Total

-1.62%

The increase in the corporate income tax from 21 percent to 28 percent and the 15 percent minimum book tax on corporations make up a majority of the economic impact of Biden’s tax proposals. Applying the Social Security payroll tax on earnings over $400,000 also reduces long-run output by about 0.18 percent. Taxing capital gains as ordinary income for those earning over $1 million, repealing step-up in basis, and limiting itemized deductions to 28 percent of value for higher earners also contribute to lower economic output for a combined reduction of 0.11 percent. Biden’s plan to increase the estate and gift tax would reduce long-run output by 0.15 percent.

Biden’s proposed increase to the top individual income tax rate from 37 percent to 39.6 percent does not reduce long-run growth, as the top individual income tax rate is already scheduled to increase under current law in 2026. This is because of the temporary nature of the tax reduction under the Tax Cuts and Jobs Act (TCJA) from 2018 to 2025.[16] Similarly, the phaseout of the Section 199A pass-through reduction for those earning over $400,000 does not reduce long-run growth because it is scheduled to expire in 2026.

Effect of Biden’s Tax Plan on Gross National Product

Several of Biden’s tax proposals, such as imposing ordinary income tax rates on capital gains and dividends for those earning over $1 million and raising estate and gift taxes, would reduce both American economic output (GDP) and the incomes received by Americans. By estimating the plan’s effect on Gross National Production (GNP), we can examine how the plan would reduce American incomes.

Taxes levied on domestic saving may reduce the ownership of American investment by domestic residents. However, the U.S. economy is open to international investment, which means that domestic investment opportunities may instead be financed by foreign investors not subject to the increased tax burden. While increased international investment helps reduce the effect of the tax change on domestic output, it would also change the composition of that output’s ownership. In the case of international investment, returns to those investments would instead flow to foreign owners, rather than to Americans.

The result of this capital flow is a wedge between GDP (economic output) and GNP (American incomes). Biden’s tax plan would produce this wedge by raising taxes on domestic savers, resulting in lower American incomes and greater foreign ownership of domestic assets. This would also manifest in a shifted balance of trade, increasing the trade deficit, all else held equal.[17]

The Tax Foundation’s General Equilibrium Model assumes that C corporations and the U.S. government can receive financing from abroad without changing interest rates, while the pass-through sector may not be able to fully use foreign capital inflows when tax rates change. This means the service price of capital may increase for the pass-through sector, producing lower investment and long-run economic output.[18] In combination, this means the Biden taxes on U.S. savers reduces economic output for pass-through firms and shifts the ownership of C corporations away from domestic residents due to increased foreign financial inflows. All else being equal, this reduces long-run American incomes, and the increased foreign financial inflows drives up the value of the dollar, which increases the trade deficit, all else held equal.

According to the Tax Foundation’s General Equilibrium Model, the Biden tax plan would reduce long-run GNP by about 1.83%.[19] The difference between the plan’s effect on GNP and GDP results from the flow of foreign investment into the U.S. that keeps U.S. economic output higher than GNP after taxes change.

Table 3. Effect of Biden’s Tax Plan on Gross National Product

Source: Tax Foundation General Equilibrium Model, October 2020.

Gross Domestic Product (GDP)

-1.62%

Gross National Product (GNP)

-1.83%

In addition to reduced economic output and lower GNP, the shift in financial flows internationally may also produce transitional effects. While these effects may be smaller than those produced by larger taxes on savers proposed by others (such as a wealth tax), there would still be impacts on exchange rates as capital flows readjust.[20]

If international capital flows are restricted in the future, the Biden plan’s taxes on savers would result in an even greater loss in economic output and less investment in the American economy than these estimates show, resulting in lower wages and worker productivity.

Revenue Effect

Based on the Tax Foundation General Equilibrium Model, we estimate that, on a conventional basis, Biden’s plan would increase federal tax revenue by $3.33 trillion between 2021 and 2030 relative to current law. Increasing the corporate tax rate to 28 percent would account for the largest revenue gain (about $1 trillion over 10 years) in the plan. Adding other changes on the business side, such as the 15 percent corporate minimum tax and tax increases on international profits, Biden’s taxes on businesses account for about 46 percent of the revenue gains.

Higher taxes levied on taxpayers earning more than $400,000, including higher tax rates on ordinary income as well as capital gains and dividends, would raise another $1 trillion over 10 years. The payroll tax increase for high-income households would generate around $820 billion in additional revenue over 10 years.

Table 4 presents the conventional revenue score for each individual provision of the plan. We estimate the integrated revenue effects by stacking one provision after the other. The presented revenue effect for each provision is the difference between the newly stacked simulation and the simulation that includes all provisions listed above it. Note that some of Biden’s proposals, such as the higher marginal income tax rate on income above $400,000, raise revenue in the beginning of the 10-year window, but not at the end. This is because under current law, the lower 37 percent rate is already scheduled to revert to 39.6 beginning in 2026, meaning Biden’s proposal does not result in increased revenue in those years.

Our original analysis projected that the Biden tax plan would raise about $3.8 trillion conventionally over 10 years. The reduction in estimated revenue is due to two factors. First, the economic downturn driven by the coronavirus pandemic reduced expected revenue over the budget window, including revenue expected from tax increases. Second, the Biden campaign included new tax credit proposals, including a $105.5 billion expansion in the CTC, that reduced net revenue collections over the budget window.

On a dynamic basis, we estimate that Biden’s tax plan would raise about $553 billion less revenue than on a conventional basis over the next decade. Dynamic revenue gains would total approximately $2.78 trillion between 2021 and 2030. That is because the relatively smaller economy would shrink the tax base for payroll, individual income, and business income taxes.

Table 4. Conventional and Preliminary Dynamic Revenue Effect of Biden’s Tax Plans (Billions of Dollars)
Proposal 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2021-2030

 Source: Tax Foundation General Equilibrium Model, October 2020. Items may not sum due to rounding.

1. Apply a Social Security payroll tax of 12.4% to earnings above $400,000

$73.2 $78.5 $81.3 $80.7 $79.5 $80.8 $83.9 $87.1 $88.1 $86.8 $819.9

2. Raise the top ordinary income tax rate from 37% to 39.6%

$25.1 $29.0 $30.4 $31.1 $32.5 $0.0 $0.0 $0.0 $0.0 $0.0 $148.1

3. Reactivate the Pease limitation for income above $400,000

$16.2 $18.8 $19.7 $20.4 $21.4 $0.0 $0.0 $0.0 $0.0 $0.0 $96.6

4. Tax capital gains and dividends at 39.6 percent on income over $1 million and repeal step-up in basis

$14.2 $27.1 $39.5 $42.1 $45.8 $49.5 $56.9 $61.8 $64.8 $67.6 $469.4

5. Limit the tax benefit of itemized deductions at 28% of value for those earning over $400,000

$23.7 $27.7 $28.9 $29.7 $31.2 $25.3 $27.7 $28.7 $29.7 $31.0 $283.5

6. Phase out qualified business income deductions for income over $400,000

$29.9 $34.4 $35.8 $37.3 $39.6 $0.0 $0.0 $0.0 $0.0 $0.0 $177.1

7. Expand the Child Tax Credit (CTC) to $3,000 maximum value, $600 bonus for children under 6, and make the CTC fully refundable with no phase-in thresholds

-$105.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$105.5

8. Expand the Child and Dependent Care Tax Credit (CDCTC) to a maximum value of $8,000 and increase the refundability percentage to a maximum of 50 percent

-$6.0 -$7.0 -$7.2 -$7.5 -$7.9 -$8.3 -$8.7 -$9.0 -$9.4 -$9.7 -$80.7

9. Provide a First-Time Homebuyer Credit up to $15,000 in value

-$12.0 -$14.0 -$14.5 -$15.0 -$15.9 -$16.9 -$17.8 -$18.8 -$19.4 -$20.2 -$164.6

10. Restore the gift and estate tax to 2009 levels

$26.5 $28.3 $30.0 $30.9 $32.4 $31.1 $25.5 $24.1 $25.5 $26.5 $280.7

11. Raise the corporate income tax rate to 28%

$40.9 $78.0 $96.0 $106.3 $115.8 $117.4 $118.5 $122.7 $125.8 $128.9 $1,050.8

12. Impose a 15 percent corporate minimum tax on book income

$7.9 $15.1 $18.6 $20.5 $22.3 $22.7 $22.9 $23.7 $24.3 $24.9 $202.7

13. Double the tax rate on GILTI, eliminate the exemption for deemed returns to QBAI, and impose GILTI on a country-by-country basis

$16.0 $29.5 $34.7 $39.2 $43.1 $28.5 $26.9 $26.3 $24.3 $21.2 $289.7

14. Miscellaneous credits

-$6.6 -$9.1 -$11.0 -$11.8 -$12.9 -$14.7 -$15.7 -$16.6 -$17.5 -$18.4 -$134.3

Total Conventional Revenue

$143 $336 $382 $404 $427 $315 $320 $330 $336 $339 $3,333

Total Dynamic Revenue

$129 $284 $314 $343 $358 $306 $267 $260 $262 $259 $2,782

Distributional Effect

On a conventional basis, Biden’s tax plan would make the tax code more progressive. The proposed changes to individual income taxes affect the distribution of the tax burden differently after 2025, as the individual income tax provisions in the TCJA expire and Biden’s CTC proposal is no longer in effect. To show this difference, we present the distributional effect for both 2021 and 2030.

In 2021, on a conventional basis, taxpayers in the top 1 percent would see their after-tax incomes reduced by around 11.3 percent due to higher taxes on income above $400,000. The top 5 percent would see a reduction in after-tax incomes of about 1.3 percent. Filers in the 90th to 95th percentiles would see a slight reduction in after-tax incomes of about 0.2 percent.

Taxpayers in lower income quintiles would see an increase in their after-tax income in 2021. This increase is driven by the large expansion of the CTC in 2021, which boosts the bottom 20 percent’s after-tax incomes the most due to the CTC’s increased refundability and size. Taxpayers higher up the income distribution would see smaller increases in after-tax incomes, facing the indirect effects of higher business taxes while receiving a CTC benefit that is a lower share of their after-tax incomes compared to the bottom 20 percent.

The conventional distribution table for 2030 contrasts with the conventional distribution in 2021. This is because the proposed CTC expansion would have ended, and households across the income spectrum would experience lower after-tax incomes. The bottom 20 percent of filers, for example, would experience a 0.2 percent decrease in their after-tax incomes in 2030. 

Households across the income spectrum in 2030 would face an increased tax burden on labor from higher corporate income taxes. The Tax Foundation’s General Equilibrium Model assumes that the corporate tax is borne by both capital and labor and evenly split between the two in the long run. However, the labor share of the corporate income tax change is gradually phased in over five years.[21]

Another notable difference is that the change in after-tax income for the top 1 percent would be smaller in 2030 than in 2021. This is because several individual income tax provisions, such as the 37 percent top marginal income tax rate, expire starting in 2026. Accordingly, some of Biden’s tax increases on high-income households would not increase their tax burden in 2030 compared to current law in that year. Biden’s plan would reduce after-tax incomes for the top 1 percent by about 7.7 percent in 2030, compared to 11.3 percent in 2021. On average, after-tax income for all taxpayers would shrink by 1.9 percent, lower than the 1.2 percent decline in 2021.

On a dynamic basis, the Tax Foundation’s General Equilibrium Model estimates that the plan would reduce after-tax incomes by about 2.8 percent across all income groups over the long run. The lower four income quintiles would see a decrease in after-tax incomes of at least 1.2 percent. Taxpayers in between the 95th and 99th percentiles would see their after-tax income drop by 2.1 percent, while taxpayers in the 99th percentile and up would have a more significant reduction in their after-tax income of about 8.9 percent.

Table 5. Distributional Effect of Biden’s Tax Plan
Income Group Conventional, 2021 Conventional, 2030 Dynamic, long-run

Source: Tax Foundation General Equilibrium Model, October 2020.

0% to 20% 10.8% -0.2% -1.2%
20% to 40% 3.6% -0.2% -1.2%
40% to 60% 1.4% -0.3% -1.3%
60% to 80% 0.6% -0.5% -1.4%
80% to 100% -3.9% -3.0% -3.8%
80% to 90% 0.1% -0.6% -1.5%
90% to 95% -0.2% -0.7% -1.6%
95% to 99% -1.3% -1.1% -2.1%
99% to 100% -11.3% -7.7% -8.9%
 TOTAL -1.2% -1.9% -2.8%

Conclusion

Democratic presidential nominee Joe Biden’s tax plan raises taxes on the labor income, investment income, and business income of those earning over $400,00. Among other changes, the plan imposes a “donut hole” payroll tax on earnings over $400,000, repeals the TCJA’s income tax cuts for taxpayers with taxable income above $400,000, and increases the corporate income tax rate to 28 percent.

Additionally, Biden has proposed a variety of new tax credits or expansions to existing credits to help increase after-tax incomes for low-earners. Biden’s onshoring plan increases the taxation of foreign profits while providing credits to incentivize economic activity that is onshored. Biden’s plan would shrink the long-run size of the economy by 1.62 percent due to higher marginal tax rates on labor and capital.

Biden’s tax plan would raise about $3.33 trillion over the next decade on a conventional basis, and $2.78 trillion after accounting for the reduction in the size of the U.S. economy. While taxpayers in the bottom four quintiles would see an increase in after-tax incomes in 2021 primarily due to the temporary CTC expansion, by 2030 the plan would lead to lower after-tax income for all income levels.

Modeling Notes

We use the Tax Foundation General Equilibrium Tax Model to estimate the impact of tax policies.[22] The model can produce both conventional and dynamic revenue estimates of tax policy. Conventional estimates hold the size of the economy constant and attempt to estimate potential behavioral effects of tax policy. Dynamic revenue estimates consider both behavioral and macroeconomic effects of tax policy on revenue.

The model can also produce estimates of how policies impact measures of economic performance such as GDP, wages, employment, the capital stock, investment, consumption, saving, and the trade deficit. Lastly, it can produce estimates of how different tax policy impacts the distribution of the federal tax burden.

In our revenue estimate, we assume the long-run capital gains realization elasticity is -0.79.[23] Individuals respond more drastically to the change of capital gains tax rate at the beginning years of tax change, with a transitory elasticity of -1.2 and -1.0 for the first two years.

In modeling the repeal of step-up in basis on capital gains tax, we assume Biden’s plan would lead to taxing capital gains at death, which means that death would be treated as a realized event for capital gains.

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[1] For more details, see Garrett Watson and Colin Miller, “Analysis of Democratic Presidential Candidate Payroll Tax Proposals,” Tax Foundation, Feb. 11, 2020, https://taxfoundation.org/2020-payroll-tax-proposals/. 

[2] See generally, Scott Eastman, “Unpacking Biden’s Tax Plan for Capital Gains,” Tax Foundation, July 31, 2019, https://taxfoundation.org/joe-biden-tax-proposals/.

[3] Joe Biden Campaign, “A Tale of Two Tax Policies: Trump Rewards Wealth, Biden Rewards Work,” https://joebiden.com/two-tax-policies/.

[4] Jim Wang, “Joe Biden Calls for Rent, Mortgage Forgiveness & $15,000 First-Time Homebuyer Credit,” Forbes, May 13, 2020, https://forbes.com/sites/jimwang/2020/05/13/joe-biden-calls-for-rent-mortgage-forgiveness–15000-first-time-homebuyer-credit/.

[5] For more details, see Erica York, “Analysis of Democratic Presidential Candidates Corporate Income Tax Proposals,” Tax Foundation, Feb. 19, 2020, https://taxfoundation.org/2020-corporate-tax-proposals/.

[6] See generally, Garrett Watson, “Biden’s Minimum Book Income Tax Proposal Would Create Needless Complexity,” Tax Foundation, Dec. 13, 2019, https://taxfoundation.org/joe-biden-minimum-tax-proposal/.

[7] Daniel Bunn, “Biden’s Plan to Address Offshoring Comes with Contradictions,” Tax Foundation, Sept. 9, 2020, https://taxfoundation.org/biden-offshoring-made-in-america-tax-credit/.

[8] Joe Biden Campaign, “The Biden-Harris Plan to Fight for Workers by Delivering on Buy America and Make It in America,” September 2020, https://joebiden.com/wp-content/uploads/2020/09/Buy-America-fact-sheet.pdf.

[9] Ibid.

[10] Garrett Watson, “Biden’s Proposal Would Shift the Distribution of Retirement Benefits,” Tax Foundation, Aug. 26, 2020, https://taxfoundation.org/bidens-proposal-would-shift-the-distribution-of-retirement-tax-benefits/.

[11] JoeBiden.com, “Highlights of Joe Biden’s plans to support women during the COVID-19 crisis,” https://joebiden.com/plans-to-support-women-duringcovid19/#.

[12] Taylor LaJoie, “HEROES Act Temporarily Increases Dependent Credit Generosity,” Tax Foundation, May 19, 2020, https://taxfoundation.org/heroes-act-temporarily-increases-dependent-credit-generosity/.

[13] Joint Committee on Taxation, “Estimated Budget Effects Of The Revenue Provisions Contained In H.R. 6800, The “Health And Economic Recovery Omnibus Emergency Solutions (‘HEROES’) Act,” May 28, 2020, https://jct.gov/publications.html?func=startdown&id=5261.

[14] Glenn Kessler, “Joe Biden’s claim that he won’t raise taxes on people making less than $400,000,” The Washington Post, Aug. 31, 2020, https://washingtonpost.com/politics/2020/08/31/joe-bidens-claim-that-he-wont-raise-taxes-people-making-less-than-400000/.

[15] Congressional Budget Office, “An Update to the Budget Outlook: 2020 to 2030,” Sept. 2, 2020, https://www.cbo.gov/publication/56517.

[16] Kyle Pomerleau, “Testimony: Temporary Policy in the Federal Tax Code,” Tax Foundation, Mar. 13, 2019, https://taxfoundation.org/testimony-temporary-tax-policy/.

[17] For a discussion of this effect, see Huaqun Li and Karl Smith, “Analysis of Sen. Warren and Sen. Sanders’ Wealth Tax Plans,” Tax Foundation, Jan. 27, 2020, 12-17, https://taxfoundation.org/wealth-tax//.

[18] Ibid, 13.

[19] The Tax Foundation’s model assumes federal debt is stabilized after 10 years to produce a long-run change in GNP.

[20] Huaqun Li and Karl Smith, “Analysis of Sen. Warren and Sen. Sanders’ Wealth Tax Plans,” 15.

[21] For a more detailed assumption on how the Tax Foundation’s General Equilibrium Model distributes the capital and labor burden of a corporate income tax change, see Huaqun Li and Kyle Pomerleau, “The Distributional Impact of the Tax Cuts and Jobs Act over the Next Decade,” Tax Foundation, June 28, 2018, https://taxfoundation.org/the-distributional-impact-of-the-tax-cuts-and-jobs-act-over-the-next-decade/.

[22] Stephen J. Entin, Huaqun Li, and Kyle Pomerleau, “Overview of the Tax Foundation’s General Equilibrium Model,” Tax Foundation, April 2018 update, https://files.taxfoundation.org/20180419195810/TaxFoundaton_General-Equilibrium-Model-Overview1.pdf.

[23] Following research from both the Joint Committee on Taxation (JCT) and the Congressional Budget Office (CBO). See Tim Dowd, Robert McClellland, and Athiphat Muthitacharoen, “New Evidence on the Elasticity of Capital Gains: Working Paper 2012-09,” Congressional Budget Office, June 15, 2012, https://cbo.gov/publication/43334.

 

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I see you're a climate change denier.  Moron.

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hobbes2702

hobbes2702 13152

Posted
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39 minutes ago, Enchubben said:

1) That’s just simply not true and you can find his 2nd term agenda with a 5 second google search.

2) I pretty much laid that out in the other post on both counts. If that’s not enough for you I don’t know what to tell you other than maybe revisit his plan for yourself: https://taxfoundation.org/joe-biden-tax-plan-2020/

3) that’s a loaded comment that isn’t yes or no but you’re choosing to be disingenuous so I guess go take it over to the climate change thread? 

The other points have been pointed out in a previous post but let’s address one thing. We don’t need to even debate. Do you believe man made climate change is real? Simple yes or no? 

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Enchubben

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Posted
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2 minutes ago, BradInATX said:

Trying to re-invent yourself from your prior conspiracy theory anti-masker TTomTerrific-esque QAnon nutjob Trump voter into the "I'm totally 1% guys so his tax cuts are what I'm voting on" Trump voter.

I see you, Enchubben. 

I’m not 1% or greenspoint. If I didn’t mention that I meant to. Sue me. I’m hoping to get there, but even if not, there are changes in Biden’s proposed tax plan that will impact me, primarily the removal of step up basis.

I don’t want to pay more in tax, and I don’t want my employer to pay more in tax, so I won’t be voting for a president that is going to increase my taxes or my employers. Seems pretty straightforward and non controversial, but I’m sure you will have a problem with that and call me racist or a russian spy so 🤷‍♂️ 

 

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Enchubben

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Posted
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18 minutes ago, hobbes2702 said:

The other points have been pointed out in a previous post but let’s address one thing. We don’t need to even debate. Do you believe man made climate change is real? Simple yes or no? 

Do I believe that mankind has an impact at all on the atmosphere and climate change, sure.  I also don’t think farting cows means we need to ban the combustion engine in the next 15 years. 

Do you think climate changed prior to man? Do you think it will change after man?

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hobbes2702

hobbes2702 13152

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2 minutes ago, Enchubben said:

Do I believe that mankind has an impact at all on the atmosphere and climate change, sure.  I also don’t think farting cows means we need to ban the combustion engine in the next 15 years. 

Do you think climate changed prior to man? Do you think it will change after man?

So you don’t believe we are the cause of climate change. Cool. You’re too stupid to even sit at that table. 

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