Joe Biden’s Tax Plan Will Put Middle Class In ‘Peril,’ Home Depot Co-Founder Says

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Home Depot co-founder Ken Langone blasted Democratic presidential nominee Joe Biden’s tax plan on Wednesday, saying that “the middle class will be in peril.”

Langone told “Mornings with Maria” on Wednesday that the middle class will feel the effects of Biden’s tax plan even though the former vice president has said the wealthy should pay more in taxes, and that the tax code should be more progressive and equitable. That includes eliminating loopholes that favor the rich and large corporations.

“I don’t know if there’s any of us that have done well that will have a problem with paying more taxes, but it’s a ruse to think that hitting us and us alone is going to get the job done,” Langone said.

“It won’t and the middle class will be in peril and when you take money out of the hands of the middle class, you do a dramatic impact negatively on the economy.”

Read more at Fox Business.

{Matzav.com}

3 COMMENTS

  1. ATEST NEWSBiden Campaign Ad Gets Taken Down For FRAUD
    They have finally gotten caught…
    A recent Joe Biden campaign ad that features a Michigan bar owner has been taken down because the owner was revealed to be a wealthy tech investor.
    The ad showed the bar owner stating that his business is failing because of Trump’s coronavirus response.
    The owner stated, “We don’t know how much longer we can survive not having any revenue. A lot of restaurants and bars that have been mainstays for many years will not make it through this. My only hope for my family, this business and my community is that Joe Biden win this election.”
    However, the owner, Joe Malcoun, has been revealed to be an angel investor along with being co-owner of the bar. Him stating that he will fall into financial hardships is false.
    Liberals will try anything in order to get Trump out of office and Biden in. Even if they get caught, they will continue to pursue their goal of getting a dementia ridden man into office.

  2. how will it put the middle class at risk if it doesn’t tax those bellow 400000? is the people who earn above 400000 middle class?

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