Here are the massive tax increases coming your way in a second Biden term
- Bias Rating
58% Medium Conservative
- Reliability
50% ReliableFair
- Policy Leaning
42% Medium Conservative
- Politician Portrayal
-13% Negative
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The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.
Sentiments
11% Positive
- Liberal
- Conservative
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Reliability Score Analysis
Policy Leaning Analysis
Politician Portrayal Analysis
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Contributing sentiments towards policy:
57% : Households bear the burden of the corporate income tax in the form of higher prices and slower wage growth.55% : They lie in order to get the tax into law.
55% : Now the income tax hits nearly half the country and the bottom rate is 10%.TAX HIKES IN BIDEN'S BUDGET WOULD BE 'DEVASTATING' FOR AMERICANS, SAYS TOP HOUSE TAX WRITERAnother example is the "Alternative Minimum Tax" imposed in 1969.
52% : Companies do not simply absorb the tax, it is passed on to all of us.
49% : Take the federal income tax.
48% : Biden also promises to increase the tax on Subchapter S corporations, partnerships and all "pass through" businesses, most of them small businesses, to 39.6%.
47% : Biden is already using "trickle down taxation" to hit more and more Americans with his stock tax.
45% : Once in place, the tax gradually expands to hit the middle class.
44% : Biden would increase the corporate income tax from today's 21% to 28%.
41% : Biden has endorsed the idea of a government tax cartel, an OPEC for tax rates no lower than 15% and Biden now demands we move that minimum tax to 21%.
40% : Europe knows that Trump has long pushed for a 15% corporate income tax.
35% : But Trump has made it clear he wants to compete with other nations by offering lower taxes on American workers, not by paying American workers lower wages.
*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.