Biden Economist Defends Budget in Shot at Trump 2017 Tax Cuts

[bluewater]

Source: Bloomberg

White House economic adviser Bharat Ramamurti defended President Joe Biden’s plan to raise taxes on wealthy Americans and corporations by jabbing Republicans who voted for Donald Trump’s 2017 tax cuts.

“I’m not going to take a lecture from the same Republicans who voted for a $2 trillion tax cut a few years ago that had no discernible impact on business investment and that exploded the deficit by between $1 trillion and $2 trillion,” Ramamurti said Friday in an interview on Bloomberg Surveillance.

Ramamurti argued that Biden’s $1.7 trillion infrastructure package -- and his proposal to raise taxes on corporations -- is an investment in the U.S. economy and that it wouldn’t hamper growth. He said that essential components of the plan include increasing broadband Internet access in rural areas and removing lead pipes, particularly because some are in places where there are schools and childcare facilities.

“There’s clearly capacity for these companies to pay more in taxes to help finance the investments that, by the way, are going to be good for those companies in the long-run: better roads and bridges, broadband Internet and so on. This is a win-win scenario,” he said.

Read more: https://www.bloomberg.com/news/articles/2021-05-28/biden-economist-defends-budget-in-shot-at-trump-2017-tax-cuts

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The article continued:

The White House, which is expected to release its budget today, has been in negotiations with Republicans on the infrastructure plan. Republicans have underscored that they wouldn’t consider any rollback of the 2017 tax cuts they enacted.

Keep fighting for the little guy, Joe!

Helping working families is the only way we can prevail in the midterms. Lord knows the republicans will fight us every step of the way and obstruct every single bill. They want to stifle a recovery just to win back power in Congress for themselves.

Joe Biden is saying the right things and doing the right things that need to be done right now, god bless him.

[FoxNewsSucks]

1. THey need to say that every time they're in front of a camera or microphone.

Billionaires and corporations pay little or nothing and want workers to pay more taxes and fees to fund everything.

[cstanleytech]

2. Well having the majority paying most of the taxes would not be a big issue if it also meant

that the wealthy and corporations paid said people a high enough wage that they can afford to do that as well as pay all their bills and afford to set aside enough for retirement.
Of course the majority of the wealthy and the corporations never follow through on that part even though the politicians they bribe to cut said taxes spew forth bullshit to the public that it will happen in order to justify said tax cuts for the wealthy and corporations.

[COL Mustard]

3. The Only Way Biden Is Going To Get Anything Through This Senate

Is with abolishing the filibuster and just passing stuff. Make the Republicans get on board or make them own why they won't. They're unprincipled scoundrels and will only be beaten through naked raw power. You have it, Mr. President, use it.

[GB_RN]

4. Talk To Certain Recalcitrant Senators

From Arizona and West Virginia, who shall remain unnamed.