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Election 2024 puts $6 trillion in taxes on the November ballot

30 20
19.02.2024

Fox News contributor Joe Concha discusses voters’ concerns for President Biden’s physical and mental health as the 2024 election looms on ‘Fox & Friends Weekend.’

If the upcoming election in November is reminiscent of the 1993 movie "Grumpy Old Men" with Jack Lemmon and Walter Matthau, you might want to also rewatch "The Bad News Bears" with another four years governed under what we colloquially call Bidenomics. It isn’t a dollar’s worth of difference between the two parties, it’s more like $6 trillion at stake when you pull the lever in November.

Embedded within this discourse between the two parties lies some potential deception when you peel back the artichoke and really analyze the numbers. You should never be fooled by percentages and always look at the real dollars coming out of your pocket.

Consider, for instance, a purported 5% increase in capital gain rates for 20% to 25% — a seemingly modest adjustment. However, a deeper examination reveals that this type of tax change would translate to a 25% increase in taxes in actual dollars and not 5% as might be reported. This basic arithmetic underscores the gravity of the electoral choices right around the........

© Fox News


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