Today’s quote comes to us from America’s single most prolific gaffe machine: Democrat presidential candidate Joe Biden.
Speaking before a “poor people’s summit” in Washington DC yesterday, Mr. Biden informed it, and us, of the following:
“First thing I would do as president is eliminate the president’s tax cut.”
That, no doubt, got a great reaction from poor people everywhere, since if you don’t pay taxes, but receive government entitlements and services, higher taxes is a pay raise for your income stream.
But what about those of us who do pay taxes?
Adam Sabes, writing for Americans for Tax Reform, has compiled a long list of the consequences. Here are just a few:
A family of four earning the median income of $73,000 would see a $2,000 tax increase.
A single parent (with one child) making $41,000 would see a $1,300 tax increase.
Millions of low and middle-income households would be stuck paying the Obamacare individual mandate tax.
Utility bills would go up in all 50 states as a direct result of the corporate income tax increase.
Small employers will face a tax increase due to the repeal of the 20% deduction for small business income.
That is just some of the fallout from Mr. Biden’s latest brainstorm…which, along with his flip-flop on the Hyde amendment, seems guaranteed to simultaneously alienate moderates who made him the Democrat Party’s leading candidate, and define him as a ridiculous Johnny-come-lately joke to supporters of the rest of the field.
I award Quote Of The Day “honors” to Joe Biden for demonstrating, with his latest, amazingly counterproductive, demonstration of political “judgment”, that he has no business being anywhere near the Oval Office.