News

Manchin drives a dagger through the heart of another hatebrain Biden scheme

Sen. Joe Manchin (D-WV) has consistently proved to be the nemesis for the Democrats’ radical agenda. The West Virginia centrist has refused to sign the “nuclear option” that would end Senate filibuster rules, halting such extreme measures as the federal Democrats’ proposed takeover of the US election.

On Tuesday, the senator ended Biden’s proposed tax on millionaires’ unearned income, which has been sharply criticized by tax experts and government critics.

Biden’s plan was expected to generate $360 billion in revenue by imposing a 20 percent minimum tax on billionaires. The President formally introduced the measure in his budget proposal to Congress on Monday.

The hill reported “Manchin says he doesn’t support the president’s plan to tax billionaires’ unrealized gains, which would set a new precedent by taxing the value an asset theoretically accrues before it’s actually sold and converted into cash.” will.”

“You can’t tax what you don’t deserve. We’re based on earned income,” he told The Hill. “There are other ways to do it. Everyone has to pay their fair share.”

“Everyone has to pay their fair share, that’s for sure. But unrealized gains are not the way to go in my opinion,” he added.

“Manchin’s opposition means Biden’s proposal is likely dead just a day after the White House unveiling,” The Hill noted.

It must be lonely to be one of the few sane senators in the Democratic Party. But many Americans are grateful he’s there to put a damper on the party’s more radical measures.

https://smartzune.com/manchin-drives-a-dagger-through-the-heart-of-another-hare-brained-biden-scheme/ Manchin drives a dagger through the heart of another hatebrain Biden scheme

Jake Nichol

24ssports is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@24ssports.com. The content will be deleted within 24 hours.

Related Articles

Back to top button