Tax loopholes for Biden’s billionaire buddies

Published April 18, 2024 12:01am ET



President Joe Biden wants voters to believe his tax plans take from the rich to give to the poor, but in reality they rob us all to pay off the millionaires and billionaires who bankroll today’s Democratic Party.

“Taxes,” Biden said in hardscrabble Scranton, Pennsylvania, on Tuesday, where he returned to pretend he isn’t a money-larded creature of Washington, “are how we invest in the country.” Normally, this would be an absurd statement. Governments don’t invest in the economy; people do. But under Biden, the tax system has become a large vehicle for channeling investment. It should be noted, as an aside, that one should beware when a politician talks about “investments.” It is a fancy way of referring to spending. Biden is not investing, he is spending.

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