Barack Obama is not doing Joe Biden any favors.
The former president is back in the news and making Biden’s life difficult.
Barack Obama made every American’s stomach turn with this ugly boast.
As Barack Obama prepares to break ground on his presidential library, Obama went on a media tour to promote himself as well as the socialist agenda.
In an interview with ABC, Obama launched into a hard sell for Joe Biden’s $3.5 trillion socialist tax and spend bill.
Biden’s proposing raising trillions in new taxes to punish successful Americans and buy votes by redistributing other people’s money.
Obama praised this scheme and claimed America needed a socialist welfare state that began dominating Americans’ lives from the moment they were born.
“I think the ‘Build Back America Program,’ the package is something that America desperately needs. You’re talking about us stepping up and spending money on providing childcare tax credits, making those permanent to help families, who for a long time have needed help when it comes to things like childcare. You’re looking at making our infrastructure function more efficiently and effectively. You’re talking about rebuilding a lot of buildings, roads, bridges, ports so that they are fortified against climate change. And also, that we start investing in the kinds of energy efficiency that’s going to be required to battle climate change,” Obama began.
Obama then tried to downplay the crushing impact of Joe Biden’s tax increases by claiming that only millionaires like Obama would feel the pinch.
“I think that they can afford it. We can afford it. I put myself in this category now. I think anybody who pretends that it’s a hardship for billionaires to pay a little bit more in taxes so that a single mom gets childcare support or so that we can make sure that our communities aren’t inundated by wildfires and floods and that we’re doing something about climate change for the next generation, you know, that’s an argument that is unsustainable,” Obama continued.
Obama is peddling a falsehood.
Joe Biden’s tax plan breaks his promise not to raise taxes for anyone making over $400,000 per year.
What Biden did not tell anyone was that only applied to single filers.
For married Americans, it would affect joint income added to over $509,000.
There are many small business owners and couples who individually make less than $400,000 per year, but whose combined income puts them in Joe Biden’s top new tax bracket.
Poll numbers show Joe Biden’s numbers on the economy in a free fall.
Biden’s underwater with the public on his handling of the economy thanks to runaway inflation and weak job creation numbers.
This new proposal to punish small business owners will only cause firms to raise prices and drive the inflationary spiral to new heights.
If you want American Patriot Daily to keep you up to date on any new developments in this ongoing story and the rest of the breaking news in politics, please bookmark our site, consider making us your homepage and forward our content with your friends on social media and email.