REPORT: Biden wants to raise taxes but avoids paying higher taxes personally
Fox News host Tucker Carlson pointed out that President Biden uses complicated accounting maneuvers to legally avoid paying higher taxes, while asking Americans to pay more.
President Joe Biden wants to raise taxes on hard-working Americans in order to pay for a number of left-wing agenda items, such as more solar panels and combating “racist highways.”
Fox News host Tucker Carlson thinks Biden is being a hypocrite, since him and Jill Biden use accounting methods to avoid paying higher taxes themselves.
“Biden wants to raise taxes to punish you,” Carlson said recently.
“Joe Biden avoids taxes,” Carlson said. “In 2017 and 2018,” the Bidens avoided paying payroll taxes on speaking fees, Carlson pointed out, based on reporting from the Wall Street Journal.
“A tax expert interviewed by the Journal in 2019 called the Bidens’ scheme ‘pretty aggressive’; another told the paper it served solely to avoid the payroll taxes,” the paper reported.
Republicans are calling out Biden for his hypocrisy on taxes -- avoiding taxes while asking other people to pay more in taxes.
"When we take back the House in 2022, Oversight [Committee] Republicans won’t forget about Biden’s legally dubious tax avoidance schemes,” Indiana Republican Congressman Jim Banks recently told Fox News.
Banks laid out his concerns in a letter sent to the White House several weeks ago.
“As a private citizen in 2017, 2018 and 2019, Biden and first lady Jill Biden routed $13 million in income through two S-corporations – CelticCapri Corporation and the Giacoppa Corporation – to avoid paying taxes that help fund Medicare and the Affordable Care Act (ACA), better known as ObamaCare,” Fox New reported.
“While entirely legal, Biden has advocated eliminating such loopholes, while also promoting the expansion of both Medicare and ObamaCare,” the news organization said.
Should Biden pay his own taxes before lecturing Americans? Do you want to pay higher taxes to fight “racist highways?” Tell us in the comments below!