Biden to call in State of the Union for business tax hikes, middle class tax cuts and lower deficits

The Democratic president in this election year is refining the economic agenda that he's been pushing since the 2020 presidential race, trying to show that he is addressing voters' concerns about the cost of living. With Republican control of the House, Biden's agenda is unlikely to become law and serves as something of a sales pitch to voters.

The journo twists himself like a pretzel to suck Joe Biden's peepee while admitting he's done nothing and that this will accomplish nothing.

Under Biden's proposal, corporations would no longer be able to deduct the expense of employee pay above $1 million, which could raise $270 billion over 10 years. He also wants to raise the corporate tax rate to 28% from 21%, among other measures.

"Oh no we can't deduct employee pay, time to fire employees."

And, as Biden has previously proposed, major companies would be charged a minimum tax rate so that they could not avoid the IRS through accounting maneuvers, deductions and specialized tax breaks.

Closing loopholes is the only good thing here.