The Biden administration's proposal for fiscal year 2025 includes targeted tax hikes aimed at white individuals, as part of an effort to address racial wealth disparities. This initiative, described as 'economic suicide' by critics, seeks to ease the economic inequality between white, Black, and Hispanic families. Additionally, if the Trump tax cuts expire as planned under this proposal, it would result in a significant tax increase, estimated at $1,500 for a family of four, affecting workers, families, farmers, and small businesses across the country.
Biden's fiscal year 2025 revenue plan pushes for tax hikes on White individuals to reduce racial wealth inequality for Black and Hispanic families. Follow: @AFpost https://t.co/kFke2rdT6u
Biden the bigot aims tax hikes at white people... https://t.co/UZrLiD42bN
‘Economic Suicide’: Biden Admin Justifies Tax Hike Based On Racial Criteria https://t.co/QMz73WkTJ1
If President Biden get his way and the Trump tax cuts expire, he will be responsible for imposing the largest tax hike on workers, families, farmers, and small businesses in American history. The President is promising to impose a $1,500 tax hike on a family of four making… https://t.co/7RFJ9x9E7f
‘Economic Suicide’: Biden Admin Justifies Tax Hike Based On Racial Criteria “The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality.”…
‘Economic suicide’: Biden admin justifies tax hike based on racial criteria https://t.co/5e5WaN58uK