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Major way, don t take my word for it, two different groups including congress s own scorekeeper, the joint committee on taxation confirmed the biden tax land on low and middle income families. charles: how it benefits these other nations, it will be a minimum of $1 trillion transfer of wealth from america to china as we buy electric vehicle parts from them, solar panels parts from them and wind parts, i just don t understand, seems like economic surrender but it isn t about economics. isn t really about transforming america into a different kind of a country. it is. this president surrendered to the caliban. when you settle american - the worst tax rate, and punish ....
Initial spending is spends, thereafter it is not about economic growth but wonderful sharing the wealth. it is ironic because china, there is a massive shutdown under the notion of prosperity but what is prosperity that we were seeing before the pandemic, we have the lowest level of poverty in american history, close the racial gap in unemployment, blue-collar wages were rising more than they had in a decade but tax people or interrupt anyone s 401(k) to cheat them. the power of economic freedom of simply letting people keep more of what they earn, incentivizing them to grow, expand, invest in their workers as small businesses we saw amazing things happen in 2019, household income, family budgets rose more in one year than in all eight years under obama and biden, we saw income inequality strengthen for the first time in half a century ....
Is cruel and dangerous and states like ours shouldn t have to devote billions of dollars to keeping communities and neighborhood safe when this is president biden s responsibility cohesively refuses to admit what is going on on the border to take any action whatsoever so it is up to governor abbott and states like ours to make our own community safer. it is a humanitarian crisis. this president is making and sibley refuses to address it. charles: looking the other way is not helping but making things worse. appreciate your time. president biden saying he wants the wealthy to pay their fair share but who will get hit with this? joining me his former dallas fed advisor, market analyst danielle trudy and laura think. let me start with you because we all know if you look at the ....
Coming up but first, taxed to the max, democrats pushing tax hikes, $3.5 trillion budget plan but who will be heard when these hikes take effect, then us drone strikes in kabul failed to hit isis k members and killed 10 civilians, a former seal team 6 member on what this means for our strategy going forward. new images you will only see here as number of migrants crossing keep soaring. we will take you to the border. i am charles payne and for neil cavuto. you are watching cavuto live. what might have you paying more, mark meredith has more from rehoboth beach, delaware. reporter: good morning, president biden s top legislative priorities hinge on massive new spending, the president wants to expand social safety net on things like childcare, we don t know ....
Who will pay more into the plan democrats are proposing we will see corporate tax rates go up from what we ve seen previously but this will not apply to all businesses nationwide but only a few. the tax cuts for wealthier americans will be rolled back, individual tax rates will go up 39.6% from the 36% they were now and that will apply to people making 400,$000 or more, and it will apply to you. the president, taxes for most americans would not go up, the money can do a lot to improve people s lives including help climate change and he made his case in a speech thursday. president biden: i m not out to punish anyone. i m a capitalist. if you can make 1 million or billion dollars that is great, god bless you. all i m asking is you pay your fair share. pay your fair share. ....