President Biden defended his proposal to raise the corporate tax rate to 28% — up from 21% — by saying Friday that “wacko liberal” former President Ronald Reagan taxed businesses at an even higher rate.
Biden included the proposed increase, which stands no chance of passing Congress, in his annual budget released Thursday.
“When we talk about 28% tax rate — Ronald Reagan was doing a 28% tax rate, you know that wacko liberal guy, you know,” Biden said in a stage whisper during White House remarks touting the release of strong job-growth figures from February.
Biden didn’t mention that Reagan, a Republican who advocated small-government policies, had to work with a Democrat-controlled House throughout his two terms in the White House.
Read more at https://nypost.com/2023/03/10/biden-whispers-reagan-was-wacko-liberal-guy-while-pushing-for-tax-hikes/
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