Comments by "Hobbs" (@hobbso8508) on "Middle-income families could bear Biden tax hike burden" video.

  1. They're stupid enough to think that cutting corporate taxes increases people's wages.
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  2.  @chug-a-lugdoug4638  Genius. Maybe if they pull themselves up by their bootstraps they can afford the several years of salary it takes to bribe a lobbyist.
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  3. Funny they use such loose terminology, the reason being they can't actually justify it and want idiots like you to make the exact jump you just made. The proposed taxes are an increase on people earning a minimum of $450K a year, and the corporate taxes will generate income to fund plenty of services. The idea that businesses will struggle with this small tax increase is nonsense, because if they were actually going to reinvest that money then it would be tax free anyway.
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  4.  @nuranarrowood5808  By raising taxes on families earning over $500K a year?
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  5.  @nenefry8502  $500K household.
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  6.  @sblijheid  Um no. The Tax Cuts and Jobs Act of 2017 expires after 10 years, with some of the provisions starting to fall off this year. Biden isn't increasing the taxes, Republicans are, with the bill they designed to win Trump the election and increase taxes after his win. Instead Biden won and a pandemic happened, meaning all their tax cuts did was raise the deficit massively. Guess which taxes are permanent however. You guessed it, the corporate ones. Biden's proposed corporate tax increase is lower than in 2016.
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  7.  @markcothran6151  To the surprise of no-one.
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  8.  John Smith  Weird deflection but I'll bite. I don't think you really understand the concept of defunding the police. The idea is to alleviate pressure on the police force by funding other social programs that deal with problems in a cheaper and more effective way. Social workers are chronically underfunded while police forces are buying APCs. It's a joke.
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  9.  John Smith  "Why should social workers get more money for doing nothing again?" God your ignorance is hilarious. I bet you think cops only deal with violent crime.
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  10.  John Smith  I wasn't answering a question, I was pointing out that if you think social workers have no value then you're an absolute moron. I bet you think we should pay cops to shoot homeless people don't you?
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  11. Biden's tax plan hasn't passed yet, so any tax increases have nothing to do with him. His plan would also effect income taxes above $452,700 and married couples filing jointly with income over $509,300. So unless you're complaining about people making $464K a year, at which point that $300 means virtually nothing, then I'm not sure why you're whining.
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  12.  John Smith  What's the matter John? You can't think of anything good to say so instead you're just projecting your own moral bankruptcy onto others?
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  13.  John Smith  Maybe read next time. As I said, when you have nothing better to say you just project your own moral bankruptcy onto others. Your inability to understand even the simplest concepts says a lot about you.
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  14.  John Smith  You really need to work on your English comrade. This is the 5th comment so far where you display that English is definitely not your 1st language. Maybe next time try learning before using a 3 week old account.
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  15.  @davesonowski4057  Jesus christ dude, use a comma.
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  16. Why would we pay more. A lot of corporations don't even pay taxes, so why would they increase prices?
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  17.  @chug-a-lugdoug4638  In fact, we should pay them money. After all, their employees will get it eventually right.....
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  18. Well that's just a lie. May was 5%, April 4.2%.
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  19.  @sblijheid  So you're saying we should instead invest in the economy? Maybe through some kind of spending bill?
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  20.  @sblijheid  "Those are direct taxes that will be paid for indirectly by those making less than 400K a year." You can't pay for personal income taxes indirectly, that's just silly. "When taxes on corporations or the wealthy go up, the prices are marked up" So that businesses can make more profits. Bigger corporations pay no taxes anyway so why would they change their prices at all? "people get fired" Why would people be fired. You don't pay corporate taxes on employee wages. Wages count as expenses and expenses offset corporate taxes. Employee wages stay the same because the money being used to pay them is not taxed anyway. "more manufacturing moved overseas" That's to do with the cost of manufacturing. As those are all expenses and not anything to do with profits this would happen anyway and doesn't effect corporate taxes. In fact if you lower taxes this happens more as there is more incentive to invest less and profit more as you pay less taxes on said profits. If you increase taxes you encourage businesses to reinvest and raise wages to stay competitive as it ends up being better value for money than paying taxes. You also seem to support this odd notion that businesses aren't already doing everything they can to save money. If they could pinch a penny by moving overseas then they would. "and the wealthy still get their same income on a net basis and the middle class tax payers carry the burden" By this logic when taxes go down do the price of products reduce. Or could it be that item costs are based on a competitive marketplace with material costs and manufacturing costs and have absolutely nothing to do with taxes on profits. It's a mystery I know but think hard. "The bottom 50% welfare receivers are oblivious to all of this since they don't work and don't pay taxes." Didn't you just say the cost of products will increase though? That will effect those at the bottom the most. Maybe learn what corporate taxes are before commenting again.
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