Larry Kudlow is steamed about Joe Biden’s lies regarding taxes and paying your fair share.” He gives an excellent counter-argument to Biden’s claims about taxes using facts. Kudlow says Biden’s claims are “a big lie,” and he’s tired of them. He proceeds to use facts about who pays taxes AND who doesn’t. The Tax Foundation backs up Kudlow’s claims:
“In 2018, the top 0.1 percent of taxpayers paid $311 billion in income taxes. That amounted to 20 percent of all income taxes paid, the highest level since 2001, as far back as the IRS data allows us to measure. The top 0.1 percent of taxpayers in 2018 paid a greater share of the income tax burden than the bottom 75 percent of taxpayers combined. “
Biden wants to raise taxes claiming it’s only on the 1%, but Kudlow makes the argument that this is both a failed strategy and a business killer.
“The top end is paying more than their fair share.”
Kudlow was on fire right after Biden’s speech on taxes and then gathered facts to deliver in the video above – Here is his angry response before the above video where he laid out the truth:
Kudlow says middle-income people and small businesses are being harmed by this the most. Joe wants Americans to think he’s going for the “rich,” but this will hurt all Americans.