More Than Likely...

President Elect Biden WILL...

become more popular than Jesus Christ and will smile his way past all the laws as he makes sure no Republicans will enter heaven...

REDO EVERYTHING THAT TRUMP has DONE or UNDONE regardless of whether or not it was a good idea or not but simply because the DEMOCRATS want to ERASE as much as possible of Trump's legacy...  and, while that may seem incredibly logical, it may or may not be SMART...

One must always remember that President Trump appealed to a large segment of the population that has for a long time been overlooked...  and, once they got a shot at recognition, I highly doubt that desire will soon go away...

One must also remember that Republican Senators are highly pissed off at what the Democrats did to Trump for 4 years and will not give up their anger that easily; although, they may be more inclined to work with Biden that they would have with anyone else.

What does all of that mean?

It means that for the most part, middle class America and the lower classes will be getting more and that more will be coming from the wealthy.

It means that Business and Industry will no longer be getting tax breaks and no one really knows what will happen until it happens but there might not be as many people employed and/or there could be an increase in prices.  However, it is doubtful that these increases in taxes will cause INFLATION unless they continue to increase up and up.

It means that Blacks will be given more of everything but not Hispanics, Non-Hispanic Whites, Latinos, or Asians.

It means our police departments will be trained not to shoot to kill criminals that are Black and that they will try to talk reasonably to a Black when they are under the influence of the White Man.

It means that Black people will receive special care and consideration and counseling to encourage them to stop selling drugs and entering a life of crime.

It means everyone who wants to go to college, even if they made "C's" and "D's" in high school will be allowed to matriculate FREE OF CHARGE even though there will be no guarantees of employment after graduation.

It means that immigrants will be allowed to enter this country in whatever numbers they can muster and that no one will turn them away and once they are on the inside of the USA, they will receive INSTANT and FREE Medical Care.

It means that America will go GREEN and will STOP using gasoline in our cars as quick as possible...  that homes will be required to install solar panels and not mow their lawns with gasoline mowers...  even though that will take a few years to roll out...  it is coming.

It means America's Military will reduce in size and budget and the USA will resume paying everyone's bills so that they can financially become stronger and like us better than Russia and China.

It means that we will continue fighting these endless wars because we made a promise even though the ARABS want us to mind our own businesses...  But, more and more the wars will be fought in meetings rooms for negotiations and not on the battlefield...

It means that our NATIONAL DEBT will continue to increase and some other President and administration and future general public will eventually have to pay for it...  but...  NOT NOW.

It means that America will FINALLY become ASSHOLE BUDDIES with CHINA, allowing them to take and do whatever because we wear each other's friendship bracelet, and eventually the courtship will include more but for now, we just want to continue teasing each other a little bit.

It means that more and more companies will be leaving California and probably moving to Texas where the taxes on businesses are less...  and, quite possibly this will happen in NYC as well, even though there are not a lot of those kinds of businesses.

President Elect Biden's Plans

Biden’s plans to stimulate the economy appear to be two-fold, with the first priority being an infrastructure plan intended to spur job creation, similar to the Great Depression-New Deal era of public job programs.

Those ideas, which form together into a $2 trillion infrastructure plan previously discussed on the campaign trail, include:

• Creating 1 million new jobs in the auto industry by expanding factory floors.
• Adding 250,000 jobs for plugging abandoned oil and natural gas wells.
• Another million jobs for updating homes, transit and buildings to be environmentally friendly and sustainable;
• A separate $700 billion manufacturing program to create what Biden estimates could be 5 million jobs by investing in American-made products.
• Tax credits for firms if they expand U.S. operations and hire more workers.

Biden’s plans to fight the coronavirus and the economic recovery come with a big price tag — meaning, odds are, they’ll have to be financed by raising taxes. The U.S. federal deficit in 2020 alone has already soared to its widest level ever, thanks to Congress' massive response with the CARES Act.

A key Biden campaign message, however, has been that he’s only planning to raise those taxes on the country’s wealthiest earners and corporations. That looks like:

Everyday Americans: Restoring the top-line tax rate of 37% to 39.6%, which was reduced after Trump’s Tax Cuts and Jobs Act (TCJA) of 2017. As of 2020 (taxes due in 2021), single filers earning $518,401 or higher and married filers earning more than $622,051 are currently taxed at the top-line rate of 37%.
Corporations: Raising the corporate tax rate from 21% to 28%, introducing a 15% minimum “book” profit tax on companies that earn more than $100 million a year in revenue; making employers pay payroll taxes on wages at or above $400,000 a year (Currently, those taxes are capped on earnings of $137,700).
Investments: Taxing capital gains as income, regardless of whether they’re a short-term or long-term investment, on earners who make more than $1 million annually; eliminating a “step-up in basis” that allows descendants to pass those investments to heirs tax free.   SOURCE:  Chicago Tribune

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