Today’s show rundown:
Let’s do a little review of President Biden’s Interview with Scott Pelley on CBS. Biden has declared that the Pandemic is OVER, he says we still have work to do. Immediately – his surgeon general came out and said welllllllll its not over. New York then said Private sector can go to work, but the Government employees are business as usual AKA “Pandemic Rules”. Fauci comes out and says – what Biden really meant (yes – he is correcting what the President said), the WORST part of the pandemic is over. If the Pandemic is over – how doe Biden forgive all that student debt?
When pressed on Inflation, Biden said “Come on Man – Inflation rate month to month was just– just an inch, hardly at all.” Pelley asks, you are not saying 8.3 percent inflation is good news? Biden replies – No, I’m not saying it is good news. But it was 8.2% or– 8.2% before. I mean, it’s not– you’re ac– we act– make it sound like all of a sudden, “My god, it went to 8.2%.” It’s been. What the heck is this guy talking about. All of us paying more at the pump and groceries – we sure are feeling what is in reality MORE than 8.3 percent!
Inflation response has pushed wages up right, but your buying power has gone down. But the tax brackets have not been altered. Say you made 60K your tax bracket is 5.5% in taxes. If you got a pay raise to 64K (not enough to cover the cost of living increase) – you are now in the 6.6% tax bracket. You see how the Biden Administration is working against you here, you get a little raise that could push you into a new tax bracket especially around the $41,775 number where you jump 10% higher.
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