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Bloomberg first reported an axiose was able to independently confirmed that President Joe Biden in his new White House budget is going to be proposing a number of new taxes

I am going to tell you what they are and then we will discuss whether they are likely to become a reality. Axiose writes the new budget request to Congress set to be released Thursday includes a 25% minimum tax on the richest 0.01% of Americans. This is a billionaire tax. It would also increase the top tax rate for those Americans making $400,000 a year.

Up to 39.6% from 37% that was the rate prior to Trump's 27 tax bill 2017 tax bill it would go back to that prior rate. It would raise income levies on corporations and billionaires and it would set the corporate tax rate at 28% still below the 35% rate that was in place prior to Trump's 2017 tax law.

That is not the only thing that Joe Biden plans to do. He also plans an increased Medicare tax. Remember when we talk about social security and Medicare sometimes people forget about the Medicare piece.

What Joe Biden wants to do is increase the Medicare tax rate from 3.8% to 5% on income exceeding $400,000 per year and it would apply to both salaries as well as capital gains.

It would likely increase tax revenues by over $117 billion over 10 years. So about 11.7 billion a year according to prior estimates from last month by the tax policy center.

So a couple different things is Joe Biden sticking to his promise not to increase taxes on people making under $400,000 a year by all reasonable assessments of these proposals. The answer is yes.

Joe Biden is not raising taxes on anyone making under $400,000. Secondly, is this likely to pass? And the answer is no. I made this analysis when Donald Trump would release his budgets and it is the same analysis when Joe Biden releases his budgets.

White House budgets are political documents, political documents. You have to get this through the House of Representatives currently controlled by Republicans in order to make it a reality.

And so this is a sort of wish list. This is what you could say Joe Biden would do if he could wave a magic wand.

And to be totally honest, sometimes presidents include things in White House budgets that they wouldn't actually do if they had full power to do it.

They included in the budget as a signal, a virtue signal we have to admit knowing that it's not going to pass, which category are these proposals under?

Well, we don't know because we know that it is a White House budget, which is a political document. So it will be interesting to see, however, are there negotiations to be had where Republicans who control the house would be willing to come to the table on some of these proposals from Joe Biden in exchange for what?

Well, we don't really know in exchange for what we will be watching it, but so far these proposals as unlikely as they are to become the law are keeping Joe Biden adhered to the promise he made about Americans making under $400,000 per year.

The conspiracy theory that has been widely debunked that being near someone vaccinated against COVID-19 can do something to you has not gone away.

We have another one of these very dangerous clips. This is by the way, this is Lauren Witsky.

Lauren Witsky is not some random person in the sense that she was the Delaware Republican parties candidate for the Senate in 2020. Thankfully, she lost. She is now claiming she became sick after being around someone who had their COVID vaccine.

And she insists she's not crazy. Listen.

The shedding is extremely real. That's how I caught whatever it was. And you can't tell me it wasn't a bio weapon because I've had flus before I've had tons of stuff wrong with me before I've never experienced anything like it.

It was like in your head, it stole your joy. You couldn't like had zero energy, brain fog. Like it was almost like I was poisoned. It felt like, you know, and you can't tell me COVID itself wasn't a bio weapon, but I didn't catch COVID.

I campaigned up and down the state of Delaware. She probably had COVID 2020 during COVID and didn't catch anything. I shook a thousand hands didn't catch anything.

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