President Donald Trump loves to thunder that Joe Biden is a “socialist,” a puppet of the “radical left.
But Biden’s tax proposals are generally moderate and pragmatic. They
represent a necessary correction to Trump’s massive and excessive tax
cuts for corporations and ultra-rich Americans.
Capitalism will remain alive and well, if Biden becomes President,
and his spending plans could invigorate the U.S. economy. They won’t be
installing a statue of Karl Marx in a Biden White House.
You won’t see any fingerprints of Bernie Sanders or Alexandria
Ocasio-Cortes on Biden’s tax proposals. There is no wealth tax. Nor are
there confiscatory, 70%-plus rates on incomes above $10 million, as AOC
proposed.
The top 1% of Americans would do just fine under a Biden
administration. And although corporate tax rates would rise, they would
still be lower than they were during the Obama Administration. That’s
hardly the stuff of revolution.
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Is Joe Biden A "Socialist"? Not With These Tax Plans - The Globalist
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