Biden Says One Word and Immediately Crashes the Economy…

Biden Says One Word and Immediately Crashes the Economy…



The economy has once again crashed. On Thursday, President Joe Biden’s announcement caused the stock market to fall once again.

Biden proposed another massive tax increase and revealed that he would be raising capital gains tax on individuals who earn over $1 million to 39.6%. That’s a massive increase, as the current minimum capital gains tax rate for the wealthy is only 20%.

Additionally, Bloomberg reported that “net investment income tax” would be kept in place at a 3.8% surcharge on investment income. Since former President Obama had put this tax in place to raise revenue for the Affordable Care Act, it is unlikely for Biden and his administration to get rid of it.

Of course, most of this is not a surprise as Biden had already talked about these taxes during his campaign trail. Biden’s American Families Plan is expected to need $1.5 billion, but Bloomberg reported that his plan would be paid by the higher-income earning individuals’ higher taxes.

As former President Donald Trump correctly predicted, “If he’s [Biden] elected, the stock market will crash.”







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charles wilkins

Nothing can stop me :Why are Pelosi and Biden pushing for tax payor funded abortions in their virus relief packages? They said before when asked, they would not, the tax payors want to know why they are now?. During a vice presidential debate last year, Biden said he personally accepted his church’s teaching that life begins at conception, and as a personal matter he opposes abortion. But he added that he would not impose his belief on others and believes every women should have the right to make that choice. This position is a contradiction in his reality, Biden and Pelosi play that game with the American public, it’s called agreeing with opposite views, and in the same breath not taking any real position. The walls are closing thou, in on these two double talkers, and in their age brackets they will not have long to wait to meet their maker. Their BS might work on this side, but not in the real hereafter, plus there will be thousands of unborn souls waiting for them to explain why, they were aborted ,not given their chance at life. Pelosi and Biden who claims to be a practicing Catholic, has been under serious pressure from the pro-life Catholic Church. Leaders of the U.S. Conference of Catholic Bishops issued a joint condemnation of” taxpayer-funded abortions” included in the recently passed “American Rescue Plan.” The group issued a statement saying, “For 45 years, the United States Congress – whether controlled by Democrats or Republicans – has maintained that taxpayers should not be forced against their conscience to pay for abortions. Abandoning this compromise in a time of national emergency only serves to divide people in the very moment we should be united.” This statement puts all eyes on both Pelosi and President Biden, who also claims to be a practicing Catholic. The church’s stance on abortion is crystal clear, and before long, they may begin ramping up pressure on Catholics to vote Democrats out. The Catholic problem will certainly be something to watch as the midterm elections approach. Democrats are already in a tough spot, and making more enemies will not help their cause and guess what folks it’s just not Catholics it’s the American tax payor.$350 billion in funding for state and local governments with little to no guardrails against funding abortions. The funding formula is tilted towards blue states like California and New York who are more likely to abuse this money to fund abortions directly and bail out Planned Parenthood the abortion industry. $8.5 billion for the Provider Relief Fund, which could be used to directly finance abortions as well as to bail out abortion businesses like Planned Parenthood. Pelosi and Biden may no be able to receive Church blessings much longer any fellow Democrats won’t be receiving Christian votes much longer.

Stacy Dougherty

Amen brother!

JERRY

biden does not care for America, he plans on destroying America, a socialist-communist at heart, he is a globalist to be in the top of the food chain to reap millions of dollars

Rosie46

Biden is working for China, illegals and his crime family. And he and his communist buddies in our Congress and WH think we work for them. So all you Trump haters that voted for this traitor and his communist buddies, maybe you will think about this in 2022, if we make it that long. And until then watch your communities be overrun with illegals, drug traffickers, child sex traffickers, murdering illegal gang members (unaccompanied children) and terrorists – Biden’s next generation Democratic socialists.