OP-ED: Taxes and Biden | Beaufort County Now | Let's talk taxes. | beaufort observer, keith kidwell, joe biden, taxes, august 6, 2020

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OP-ED: Taxes and Biden

    Let's talk taxes. Those that know me know my career has been in taxes for over 35 years. During that time, I've seen taxes rise and fall. Part of my business is also doing accounting for small businesses. Here's the bottom line, as taxes rise business contracts, as taxes fall business expands. When business expands, more people work and spend their money, and the economy does better everywhere. Are you listening Mr. Biden? Because you clearly do not understand this basic premise. You have stated that the first thing you will do is repeal the Trump tax cuts! Are you kidding me? The Trump tax cuts have done more for the American people and business than any other tax change in my and my families association in the tax business (more than fifty years) than anything else has. Joe, Joe, listen carefully; lower taxes are better for people, jobs, and business. When people work, they pay taxes; when business works, they pay taxes. It's so simple that even you should be able to understand it. John F Kennedy understood it. Go look. He was the original supply-side economic president of our time. Joe Biden's plan raises taxes by over four trillion dollars over the next ten years. That's before he adds the 3.4 trillion in free stuff.

    Biden has proposed a 3.4 trillion spending plan. Let me spell this out. $3,400,000,000,000. Joe, look at all the zeros! The American people can't afford that kind of spending! In Joe Bidens' world, everything is free. The problem is someone has to pay for all the free stuff. That someone is the people who work. That's you. As the song goes, "Here in the Real World," people have to work to earn money. This is a concept that Biden clearly does not get. That because he's spent a half-century in Washington DC where all he ever built was his part of the swamp. Any time Joe needs something, he just votes to raise your taxes, or lines up foreign jobs for his family.

    Speaking of foreign, Joe Bidens' tax plan raises American tax to a rate higher than Chinas. Who's side are you on Joe. The whooshing sound will be the jobs and money going back to China. Eighty-two percent of Americans will see a tax increase under Joe Bidens' tax and spend plan. This will cripple the American economy. When you look at the numbers, His plan will cost us 585,000 jobs. Or about one and a half percent of our economy.

    Then while he's at it, he stated he would reinstate the Obamacare individual mandate. Because evidently, you aren't paying enough through taxes, so he'll raise the cost of your healthcare as well. The cost of healthcare continues to eat up more and more of our paychecks, and Joe wants to go back penalizing you if you can't afford to buy the plan, he thinks you should have.

    Joe Biden has a vision for America that looks like he cares more about giving away what you've earned. He wants to raise taxes, shrink the jobs market, send business and jobs to China and then when you can't afford to feed your family, let alone buy health insurance; he'll fine you for that too. Joe Biden might be good for some country, but he is not good for America. Joe Biden says, "Our Best Days Still Lie Ahead" I just wonder who he's talking too.


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