FOX Business host Larry Kudlow explains the reality of 'Bidenomics' on 'The Ingraham Angle.'
You could say this much for President Biden’s State of the Union address Thursday night: If you paid close attention, get ready for four more years of tax-and-spend policy with a cloak-and-dagger act we haven’t seen the days of the Renaissance.
It may be more like math checking versus fact checking, but every time we hear Joe Biden talk about tax policy, it feels more like a campaign for student council class president offering more recess and free lunch.
Here’s why Bidenomics isn’t working for the middle class and what might happen over the next four years.
President Biden traveled to Wisconsin on Jan. 25 to talk about his bipartisan infrastructure legislation and Bidenomics. (Drew Angerer/Getty Images)
Bidenomics suggests tax increases on only those making more than $400,000. Spoiler alert middle class: You will still feel it in your wallet.
Surely the fact that 40% of all Americans pay no federal income taxes can’t be fair. But it’s interesting to hear an attack on corporations in America when the president says that corporate tax should go from 21% to 28% (newsflash: a 30% increase) and the minimum corporate tax should increase from 15% to 21% (a 40% increase).
JOE BIDEN, YOU'RE NO HARRY TRUMAN
Doesn’t everyone realize already that corporations have an insatiable appetite for profits, and if you raise corporate taxes by 30% or........