Economy

WHY NOT? Biden Administration Open to Elizabeth Warren’s ‘Wealth Tax’ on Nation’s Top Earners

posted by Hannity Staff - 3.16.21

Treasury Secretary Janet Yellen signaled this week that the Biden administration could be open to a so-called ‘Wealth Tax’ on the nation’s top earners; imposing a 2% penalty for US households with assets exceeding $50 million each year.

“That’s something that we haven’t decided yet and can look at,” said Yellen.

Senator Elizabeth Warren’s proposal would impact about 100,000 families in the USA and could generate between two and four trillion dollars over the next decade.

“The Biden administration is actively exploring other ways to offset the costs of the $1.9 trillion American Rescue Plan and the next economic spending bill. The next initiative — which could cost as much as $4 trillion — won’t rely on just government debt as a funding source and could include an increase in both the corporate tax rate and the individual rate for high-income earners,” reports Fox News.

Read the full report here.

BIDEN in NEW HAMPSHIRE: ‘What You Do Here in Iowa is Going to Set the Tone’

posted by Hannity Staff - 12.09.19

Former Vice President Joe Biden left audience members scratching their heads in New Hampshire over the weekend; confusing the northeast state for Iowa -approximately 1,000 miles away.

“The primary race for the United States presidency… You have an incredible obligation, not to me at all, but to yourselves. What you do here in Iowa […] is going to set the tone,” said Biden before correcting himself.

“New Hampshire, the primary in New Hampshire,” he added.

Biden made a similar mistake earlier this year; confusing New Hampshire for the neighboring state of Vermont.

“I’ve been here a number of times…I love this place. Look, what’s not to like about Vermont in terms of the beauty of it?” Biden told reporters.

BIDEN in PENN: ‘Rapid Results Testing Contract, Contract Contact Tracing, Widely Available Personnel!’

posted by Hannity Staff - 6.17.20

Former Vice President Joe Biden continued his gaffe-filled campaign at a speaking event in Pennsylvania Wednesday; bizarrely stating the country needs “contract tracing capacity widely available personnel.”

“Here comes the rapid results testing Contract Contract Contact Tracing Capacity, widely available personnel protective equipment,” said Biden.

 

Watch Biden’s comments above.

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