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Pres. Biden: ‘Folks, I Don’t Want to Punish Anyone’s Success; But’…

By Craig Bannister | September 24, 2021 | 9:32am EDT
Pres. Joe Biden
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On Thursday, President Joe Biden said, “I don’t want to punish anyone’s success” – then, added a “but.”

“Folks, I don’t want to punish anyone’s success. But those at the top have been getting a free ride for far too long. We’re going to change that,” Biden tweeted in his latest of a series of posts touting his plan to take from the “super-rich” and give to those more deserving of entitlements.

“You pay your share in taxes. It’s long past time the super-wealthy pay theirs as well,” Biden said in an earlier post. In other tweets, he lists some of the entitlements he wants to provide and explains how he plans to pay for them:

“It’s simple: The wealthy don’t need another tax break, the middle class does. That’s why we’re going to ensure the wealthy and large corporations pay their fair share and then use that money to give one of the largest middle class tax breaks in history.”

“My Build Back Better Agenda means: - A historic middle class tax break - Lower health care and child care costs - Free community college - Universal preschool And we’ll pay for it by ensuring those at the top pay their fair share in taxes.”

“New from the White House’s top economists: The 400 wealthiest families in America paid an average federal individual income tax rate of only 8.2% on $1.8 trillion of income from 2010-2018. It’s time for the wealthy to pay their fair share. https://www.whitehouse.gov/cea/blog/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/

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