Biden Wrong on Corporate Profits and Taxes
By Pieter Brueghel the Younger – Artdaily.org, Public Domain/Wikicommons
No, Mr. Biden, it is not true that some big corporations earned $40 billion in profits and paid no taxes.
President Biden’s State of the Union Address was just riddled with economic misinformation and misunderstandings. After nearly four years of failing Bidenomics, the country only averted a recession because the administration changed the definition. As the deficit, debt, under-employment, and inflation rise, scrambling for cash, the president is looking to raise taxes on mean old corporations.
Increasing taxes on greedy corporations may sound like a good idea, but unless you are on welfare, self-employed, or work for the government, your salary comes from a greedy corporation.
