Such ignorance of the laws of business and economics is astounding. Biden and his bootlicks don't know that businesses have to raise prices to accommodate rising taxes. How stupid is that?
www.theblaze.com
Apparently unaware of basic economics, White House press secretary Jen Psaki stated Monday that the White House believes it is "unfair and absurd" if businesses raise prices in response to the Biden administration increasing corporate tax liability.
Biden has promised not to raise taxes on American households earning less than $400,000. But as a reporter noted in questioning Psaki during Monday's White House press briefing, analysis from the Joint Committee on Taxation says the spending bill would result in tax increases for "more than 16% of taxpayers."
Psaki claims it is 'unfair and absurd' for businesses to raise prices if Biden administration raises corporate taxes
Apparently unaware of basic economics, White House press secretary Jen Psaki stated Monday that the White House believes it is "unfair and absurd" if businesses raise prices in response to the Biden administration increasing corporate tax liability.What did Psaki say?For several days now, the...
www.theblaze.com
Apparently unaware of basic economics, White House press secretary Jen Psaki stated Monday that the White House believes it is "unfair and absurd" if businesses raise prices in response to the Biden administration increasing corporate tax liability.
What did Psaki say?
For several days now, the Biden administration has been pushing the absurd claim that its $3.5 trillion spending bill actually "costs zero dollars." They argue that tax increases will offset spending.Biden has promised not to raise taxes on American households earning less than $400,000. But as a reporter noted in questioning Psaki during Monday's White House press briefing, analysis from the Joint Committee on Taxation says the spending bill would result in tax increases for "more than 16% of taxpayers."