Biden's Tax Hikes, FBI's Wray Warns ISIS at U.S. Border, Ford Burning Cash on EVs, Gov. Noem The Dog Killer
Biden's Tax Hikes, FBI's Wray Warns ISIS at U.S. Border, Ford Burning Cash on EVs, Gov. Noem The Dog Killer
Key Topics:
- Thanks for joining us as we roll out the red carpet for today's biggest stories. Maybe grab a cup of coffee, because we're about to hop from Biden's tax talk that could hit your wallet, to some alarming words from the FBI about our borders, through the rocky road of Ford's electric vehicle losses, and finally to the startling confessions in Governor Noem's memoir.
- Let's cut to the chase on President Biden's tax talk, stirring the pot for taxpayers across America. The big headline here is Biden's vow, if re-elected, to let the Trump-era tax cuts bite the dust. We're talking about the 2017 Tax Cuts and Jobs Act, a slice of fiscal pie that trimmed down corporate taxes from a chunky 35% to a lean 21%.! And it wasn't just the corporate bigwigs enjoying the calorie cut; personal income tax rates slimmed down too. Now, hang tight, because this part gets a little prickly for the middle class and those pinchin’ pennies. Our source, The New York Post, got the inside scoop straight from Biden’s speech to electrical union members in D.C. It seems Uncle Joe is not too fond of what he calls a golden handshake to the wealthy that beefed up federal debt like a holiday turkey. But before anyone could even yell 'Say what, Joe?', aides scurried to clarify that the prez’s words don't signal a policy U-turn. They say he plans to hold steady on middle-class tax cuts – those earning under 400k – and it's the high rollers and corporation moguls who’ll need to buckle up for the rollercoaster of tax re-ups.
- But here's where the Tax Foundation chimes in with a 'not so fast’. They claim that if we let those tax cuts fade to black, the average Joe and Jane will get a bigger slice taken out of their paychecks. Think about this: a person earning 30 grand a year could cough up an extra 253 dollars or so, and a duo bringing home $165,000 with a pair of kiddos could be cutting an additional $2,450 to Uncle Sam. This isn’t just belt-tightening for a few; the Tax Foundation's number crunching shows all sorts of earners from the economic buffet would feel the pinch, including folks well below that top 1% everyone likes to chat about. So while the details are still fluttering in the wind, what's crystal clear is that tax debates never quite go out of style in the political fashion show. And trust me, we're gonna keep an eagle eye on how this tease from Biden unfolds as we cruise toward that election showdown.
Media Source Links:
https://nypost.com/2024/04/19/us-news/biden-teases-tax-hikes-for-everyone-saying-trump-cuts-will-stay-expired-if-re-elected/
https://cis.org/Arthur/FBI-Director-Warns-Dangerous-Individuals-Are-Crossing-Border
https://www.allsides.com/news/2024-04-28-1230/general-news-ford-loses-13-billion-electric-vehicles-first-quarter-2024
https://www.dailymail.co.uk/news/article-13359223/kristi-noem-vp-killing-dog-trump.html
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