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DMLNewsApp and TeamDML.com founder Dennis Michael Lynch hosted a Facebook Live video Tuesday morning to weigh in on a massive tax increase Biden is reportedly planning to implement.

Biden’s next spending initiative, expected to cost as much as $4 trillion, could include an increase in both the corporate tax rate and the individual rate for high-income earners.

The corporate tax rate will reportedly be increased from 21% to 28%, and raise the income tax rate on individuals earning more than $400,000. It will also expand the estate tax, create a higher capital-gains tax rate for individuals earning at least $1 million annually and pare back tax preferences for so-called pass-through businesses.

WATCH the important video below, as DML explains what this is going to do to the American economy.

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10 COMMENTS

  1. Yes, we miss President Trump but when is the election going to be rectified? What is he going to be put back in his position that he won, but the biggest landslide probably ever in our history. When is the military going to do something here? Or are we just lost?

  2. Hey Dennis, #Biden is an illegitimate #President. #Trump won by a landslide but was stolen from him due to Election Fraud. See the real electoral results that Sydney Powell put out not too long ago. So he is not my president and neither should it be anyone else’s who acknowledges the fraud. BTW, Trump is coming back very soon. I don’t mean in 2024 but this year as our legitimate #President.

  3. Watched you this morning on the beach, you might wanna consider Gab.com as a platform, Christian – anti big tech – free speech platform. You would be a good fit.

  4. For God sake, when will President Trump, coming back? America is being destroyed by the evil creatures, and over run by illegals too!!! When will this end and get our country back to civilization!!! We Patriots have had enough trying to wake up idiots that think this administration is for the people, it’s all about the elites devils, not common folks!!! Thank you, DML, for letting voice my opinion!! God Bless America!!

  5. This was all part of their plan to crash everything and flood our country with illegals. So far they’re getting away with this but somethings got to give somewhere.

  6. Yes we miss him. Why do we have to endure this? He won by a landslide. This administration is destroying this country and I’m bot sure why military doesn’t get involved instead of protecting nancy Pelosi.

  7. If that the case, then the 15 dollars will add to it. Geez how can the owners survive? I am speaking of restaurants, beauty shops, and others. It will hurt the middle class.

  8. I would love if Trump would come back but he is not coming back with this dream idea.
    Read our US Constitution (THE SUPREME LAW OF OUR COUNTRY) and use its tools to save this country. We the American citizens and those who are under oath to uphold the Constition must do everything in our ability.
    Minimum-Call and write, call and write. JBS.org has great tools to know what and who for each state and nation.

  9. I missed our wonderful President Trump on day one. This satanic party and brain dead Biden are destroying our nation daily. Father God bring the POS down today.

  10. I agree, I miss the security we had with Trump. His intelligence in leading this country back from the brink. Now, this dunder head is going to destroy our economy. Flood us with Iellegals, who will take the jobs from the people who need them the most.

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