What Is a 'Patriotic Tax'? Joe Manchin Suggests Americans Should Pay It

What Is a 'Patriotic Tax'? Joe Manchin Suggests Americans
Should Pay It 1

Democrats‘ recent proposals for funding President Joe Biden‘s trillion-dollar social safety net package introduced the idea of instituting a billionaire’s tax targeted at the annual value gains of assets held by wealthy individuals.

Moderate Democratic Senator Joe Manchin of West Virginia recently stirred concerns over implementing the proposal, saying, “I don’t like it.” He instead favors an alternative form of tax that he calls a “patriotic tax.”

“Everybody in this country that has been blessed and prospered should pay a ‘patriotic tax,'” he told reporters. “If you’re at the point to where you’re able to use all of the tax, tax forms if you can to your advantage and end up with a zero tax liability, but have had a very very good life and you’ve had a lot of opportunities, there should be a 15 percent patriotic tax.”

Under this measure billionaires who escape paying taxes by earning small salaries and borrowing off their assets would find themselves paying taxes to the federal government. Manchin said these individuals should view such payments as their “patriotic duty.”

Senator Joe Manchin stands as one of the moderates opposed to Biden’s bill. Here, he speaks to reporters outside of the U.S. Capitol on September 30, 2021, in Washington, D.C.
Photo by Kevin Dietsch/Getty Images

Read the Full Article

Prepare Now Before its too Late

Discover where products are available & compare prices

Minnesota surgeon loses job after telling school board to let parents make decisions about masking kids
Taliban Allow Girls to Return to Some High Schools, but With Big Caveats

You might also like