Ted Nugent, the veteran guitarist and conservative political activist, has harshly criticized the new president of the US, Joe Biden‘s statement about raising taxes for anybody making over $400,000 while mocking him through the iconic Murray Head song, ‘Say It Ain’t so, Joe.’
As you might recall, before the election, President-elect Joe Biden released a new tax plan that would enact several policies including raising taxes on individuals with income above $400,000, raising individual income, capital gains, and payroll taxes.
According to the Tax Foundation, Biden’s model would raise tax revenue by $3.3 trillion over the next decade on a conventional basis, reducing GDP by 1.62 percent over the long term.
However, not all the citizens believe in the estimated statistics of the Tax Foundation. The great rocker and one of the biggest supporters of Donald Trump, Ted Nugent, has recently appeared on Facebook, having steam coming out of his ears.
Nugent has questioned if Biden’s gears jammed again or if he really that ignorant of basic facts about who pays federal taxes. He said the rich, those 1 percent of Americans making 400k, have been paying the majority of federal income taxes, roughly 40% of it, for years.
He targetted Biden, who claimed that that’s not a fair share, by asserting that Joe Biden’s plan will raise taxes on everyone, not just the rich. He called out to his followers to watch gas prices and grocery prices rise dramatically on ‘terminally goofy’ Joe Biden’s watch, which he described as ‘dimwitted treasonous Marxist.’
Here’s what Ted Nugent said about the new plan of Joe Biden on Facebook:
“In yet another glaring statement of the absurd, ‘Say It Ain’t So’ Joe Biden stated that, ‘I will raise taxes for anybody making over $400,000,’ Biden promised during his campaign. ‘Let me tell you why I’m going to do it. It’s about time they start paying a fair share of the economic responsibility we have.’
Start paying their fair share? Has Mr. Biden’s gears jammed again or is he really that ignorant of basic facts about who pays federal taxes? The rich (those 1 percent of Americans making 400k) have been paying the majority of federal income taxes for years — some 40% of all federal income taxes.”