Economic illiterate Jen Psaki, White House press secretary, stated Monday that the White House believes it is “unfair and absurd” if businesses raise prices in response to the Biden administration increasing corporate tax liability.
The increase will kill many businesses and make us non-competitive with China and the EU.
Most absurdly, the Biden administration has also been pushing the absurd claim that its $3.5 trillion spending bill actually “costs zero dollars.” They argue that tax increases will offset spending. No one is falling for that, including Biden’s own government analysts.
Psaki during Monday’s White House press briefing, analysis from the Joint Committee on Taxation says the spending bill would result in tax increases for “more than 16% of taxpayers.”
That’s not counting increased costs across the board — WHICH ARE TAXES.
“The president’s commitment remains not raising taxes for anyone making less than $400,000 a year,” Psaki said.
“There are some — and I’m not sure if this is the case in this report — who argue that, in the past, companies have passed on these costs to consumers. I’m not sure if that’s the argument being made in this report,” she continued. “We feel that that’s unfair and absurd, and the American people would not stand for that.”
Is she nuts!
Watch:
Jen Psaki: It’s “unfair and absurd” that companies would increase costs for consumers in response to us taxing them more. 😳 pic.twitter.com/rHilrYdj4j
— Jason Rantz on KTTH Radio (@jasonrantz) September 28, 2021
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It’s unfair on the American people to raise taxes for such a disgraceful, pork laden bill.
This evidently is how these mush heads think. They live in a different bazaar universe.
Psaki must have gotten her knowledge of business economics at Boston University where socialist/communist Bronx Bimbo graduated cum laude with a BA in International Relations and Economics. What must they teach there?
Psaki is not an economic “illiterate.” She is a well educated, articulate ChiCom agent prattling lines written for her by the Comrade Puppet Obiden Administration masquerading as Democrats. She is serving her CCP/Davos masters admirably. She was obviously selected and trained for this position because like 70% of white liberals (As underestimated by recent Pew Research disclosures) she suffers from serious mental disorders making her a willing and obedient puppet of her ChiCom masters. As is evident from the entire Obiden Administration installed by the ChiCom 2020 coup they are psychics, delusional,and perfect tools for CCP control.
Make everything too big to fail, deplorable kulak untermenschen and cake bakers in Commierado are not welcome though.
Sorry some are a little more equal than others, namely apparatchiks and those with the official political views and hive mind borg.
These brilliant enlightened beings are going to build the golden equality of results for all utopia because they be like all smart n’ stuff.
I’m sure our external enemies will never make any moves while the worst government that money can buy flails about, naw, they don’t get the newz over there.