Steve Forbes: Biden's tax policy is about control

'Kudlow' panelists Steve Moore, Kevin Hassett and Steve Forbes react to the president's planned sweeping tax hikes.
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[@mcbeer56]

Everything that administration does is about control

[@nellosnook4454]

Agreed! 👍 1. These “economic advisors” are just entrenched DC Swamp bureaucrats-for-hire. 2. Morally-weak, ethically-malleable, minimally-qualified, institutionally-acceptable. 3. Such political hacks exist to please their next boss. 4. “Job Security”.

[@hometowncook6970]

hahahahahhahha......hahahahah

[@Actias1974]

Every administration.

[@sportsfreak33393]

It's actually about tin foil sales

[@Tom-ym7bm]

Infiltration works only to the extent that the host tolerates it Cxl back

[@wehrine]

I'm concerned about Biden's tax policy. It feels like it's more about control than economic stability.

[@reginaldhufenstien]

I totally agree. It seems like they're trying to micromanage everything

[@Colbe-lx7fb]

It's frustrating, isn't it? I feel like we need some guidance on how to navigate through these changes

[@Linda.xing-tj2fh]

Yeah, I've been thinking about getting an advisor to help me strategize around Biden's tax policies. Do you think it's a good idea

[@Colbe-lx7fb]

Absolutely. Having someone who understands the intricacies of tax policies and can provide tailored advice could be invaluable in these uncertain times, but i am in need of guidance too

[@Bigwilli123]

I would recommend this advisor

[@jeffburger2782]

the spending is out of control

[@nellosnook4454]

Agreed! 👍 1. These “economic advisors” are just entrenched DC Swamp bureaucrats-for-hire. 2. Morally-weak, ethically-malleable, minimally-qualified, institutionally-acceptable. 3. Such political hacks exist to please their next boss. 4. “Job Security”.

[@jimk4267]

100% flat tax.Get rid of the IRS and the current system

[@joshmaddox2010]

Still an income tax.

[@Audrey-ld1hs]

Tell thst to the democrats. They are absoutely clueless.

[@Andrew-3445]

They would just say "you guys hate the poor and only want to help the rich". Their policies are destroying the poor through inflation though.

[@aygwm]

They’re not clueless. They know exactly what they are doing.

[@hometowncook6970]

hahahahahahahhaahhhaha...... Steve Forbes wants fools like you to pay his share of taxes

[@diegojines-us9pc]

republicans,. send money to Israel, and lets not raise taxes, lets just borrow it. talking about clueless.

[@sportsfreak33393]

You do realize US inflation is lower than the rest of the world just like the US tax rate.

[@terryschiller2625]

Let's go back to the early 1900's Americans keep all their paychecks! And the government still built roads and infrastructure!🤔

[@rayrussell6258]

roads were not "built" in 1900, they were mud hole pathways you drove your horse and wagon through. It took tax money to actually build concrete roads from coast-to-coast in the 1920's. The income tax amendment to the Constitution was passed around 1913, the same time as the Lincoln Highway was first proposed to be the first nationwide paved road.

[@kenebarb5377]

What happened to biden saying no one making less than $400,000 dollars would pay more in taxes.

[@lorigarza9971]

He lied. Most of us knew it and the rest were too stupid to care. They will care soon.

[@MilesCobbett]

Has Biden ever made one true statement in 50 years?

[@JeffCaplan313]

I definitely paid more in taxes this past year and I definitely don't make that much money.

[@lesstyranny2695]

He always lies... it's easier to simply believe the literal opposite of whatever he says is true; because it's been historically - very accurate.

[@happyappy19931]

Liar liar pants on fire 🔥

[@kevinbooth6865]

17% federal tax is way too high.

[@brenda02756]

The whole government needs to take 40% pay reduction. If you want to represent the people you should do it freely of payments. During Covid our senate and congress have had anywhere from 33% to 289% increase in their income due to insider trading. They need no pay for serving Americans

[@JeremyDN]

They all should make a flat pay as well. Term limits need to be a must. We limit our president but not the ones who control them? These leeches have forgotten they are public servants. They aren’t rock stars or famous. Do your “humble” job and work for the people, not yourself. None of them should make over 100k a year for the rest of their lives, that’s straight BS.

[@markbegina3975]

There should be a law that says if the US has debt. Congress must reduce it by 10% year over year.

[@oliphauntsneverlie6227]

Cut spending and taxes in half.

[@bokugou2936]

I am 53 years old and always got a tax refund- Single Mom for 17 years and always got a refund. -Until 3 years ago. The past 3 years, I have owed the IRS. WTF?

[@COMPOUNDCOLLECTIVE]

You can thank Biden and his commie/socialist administration mostly for that!

[@Tom-ym7bm]

I am sorry ❤️‍🩹

[@bokugou2936]

@@Tom-ym7bm Thank you!

[@sfstoryteller1227]

Same here. Our 17 year old son who filed for the first time ever owes the IRS. Thanks to that low life in the White House.

[@linneaberger1925]

When Trump became president those were the years I finally got a refund!

[@myrrhavm]

$185 for groceries today for two. Should have left the Raisin Bran Crunch and Twizzlers on the shelf.

[@duhitsAngelaandErika]

Awe I am so sorry 😢 We need to Pray 🙏 for our family and our Country 🇺🇸

[@romannavarro1178]

I go to Sam club I pay 200 but it a lot more food it still a lot tho but more worth it

[@myrrhavm]

@@romannavarro1178 It’s crazy. More crazy are those that deny there is inflation.

[@duhitsAngelaandErika]

@@romannavarro1178 How About Shopping 🛒 at Costco 😀

[@sfstoryteller1227]

@@myrrhavm or say Biden has no control over it.

[@roberts.3712]

I am retired. The Fed taxes my Social Security Income and the small amount from my IRA. My state does not tax any retirement income. I am only in the 12% tax bracket, single and had to send Biden a $3000 check.

[@duhitsAngelaandErika]

How About We The American 🇺🇸 People Stop 🛑 filing for Our Taxes and Stop 🛑 Paying Taxes 🇺🇸 We Are The Government

[@hometowncook6970]

Reagan was the yo-yo that started taxing YOUR and my SOC Security benefits

[@lorigarza9971]

Can you imagine what it will be like at 50%? We are all gonna be poor and homeless.

[@WJWeber]

Bro the fed taxes you are paying is trumps tax act…

[@Brian1961-ep4bq]

This is why he hired 87,000 IRS workers with guns this administration is all about control you can't tell these idiots that voted for this vegetable that Obama was full of control we've had the worst years with Democrats look what New York looks like in California they've turned American to a sewage bowl wake up people

[@keithschneider6348]

If you lower taxes you have to lower spending.

[@carolyn1003]

Every Democrat should be out of Office like Yesterday Biden first in line As a American I Never Saw so Much Corruption in My life.

[@garylancaster3995]

It's all by design.

[@patjones2082]

💯🎯

[@RichardMoore-jg5tl]

The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks etc and get taxed again once you sell for gains. How do I skip the first tax stage? I want to invest over 300k on the stock market, how do I achieve this

[@RusuSilva]

I have been doing the same thing myself, using the market to shield myself from the market. But I hate making mundane decisions, so I just invest through an advisor, making good profits, avoiding taxes, while doing very little work.

[@FusunTumsavas-cq7tp]

I Can't get into trouble with the IRS when I have no income and all my money is in stocks. I don't like doing the work though. Lol. So I just invest through an advisor who does the stock picking. My money grows, and I'm tax-free.

[@RossiPopa]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@FusunTumsavas-cq7tp]

Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@RossiPopa]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@markmaugle4599]

The Government doesn’t need to increase taxes, the government needs to fix the tax code.

[@user-ss6db3lo2k]

The gov needs to STOP sending our tax dollars out of this country

[@BernhardSchwarz-xs8kp]

We have no government anymore. We are ruled by a Regime.

[@sfstoryteller1227]

Today is the day hard working Americans get to hand over thousands of their hard earned money to all the lowlife freeloaders in this country. Joe Biden is on top of that list. FJB AND F YOU IF YOU VOTED FOR HIM.

[@user-en1qc7ns6v]

Stop the printing presses Dummies

[@user-en1qc7ns6v]

No joke

[@greggkupec]

Mo rules Mo rules Mo rules….just like California. FJB

[@ChadR13]

You start making gasoline again domestically.. This is why we have a problem with inflation.

[@BlackoutPatriot]

The gov needs to stop spending what they dont have

[@taoerjavec3063]

FAIR TAX-NOT FLAT TAX, STEVE IS THE ONLY WAY TO SAVE US-READY TO GO!!!

[@hometowncook6970]

hahahahhahahahhahahahahahah

[@deborahandrianos463]

We can’t make enough to live! Making payments on taxes I worked for 😢

[@Actias1974]

The government needs your tribute to send overseas.

[@taoerjavec3063]

END IRS PERIOD-FAIR TAX ACT-READY TO VOTE THIS YEAR!!!!!!!

[@bobbadham261]

But how many hundred million ppl are held to ransom by FJB cruelty n greed??

[@justanotherhandle1]

Yeah, right. So 17% flat tax +15% for Social Security and Medicare do the math. This doesn’t work for lower income people at all.

[@jhause9404]

The NFL is a nonprofit, think about that. That's our system

[@user-bg4fd8qb2o]

Sure.

[@WJWeber]

It became for profit practically 10 years ago lmfao

[@rayrussell6258]

false

[@meritwaldrop1303]

Hunter doesn’t

[@Kittynuckles-qe2rc]

I agree 17% would be grateful, as usual the federal government would not be satisfied..and find a way to raise it beyond 17%

[@repunzalrepunzal6063]

My daughter claims single and zero. Has 3,000 in a Roth IRA and had to pay $167 this year. Last year it was $50. What happened when you got a refund when claiming single and zero? Crazy!

[@romannavarro1178]

I got zero too I file single too it bs

[@youbadolivez]

i worked the entire year of 2023 making 15.00 an hour 40 hours a week and i filed my taxes today and i owe $107.00. no dependent no nothing on my own and i have to pay even more

[@rayshepherd2479]

Whether you owe or get a refund is dependent on your withholdings. The tax rate for earnings between $9,325-37,950 was 15% in 2017 and the rate in 2023 was 12% from $11,000-44,725 for 2023. Plus the standard deduction went up from $6,500 to $12,000. So your taxes should have gone down substantially from 2017.

[@gwheat2364]

Good to see Brandon's own people are turning on him. Fjb

[@Al-gv5uw]

The cost to have employees is really a killer

[@3railmike713]

The average W-2 earner living in California is paying more then .50 cents for every dollar earned between the FTB, IRS, and state sales tax.

[@williambranch4283]

That is the red line, Soviet line ;-(

[@jacquelinestaats9785]

Do all the illegal immigrants have to pay taxes on the $1000 credit card they receive monthly? I pay taxes on my Social Security income even though I’ve paid taxes on my income for over 50 years…now I’m supposed to pay off student loans, even tho I’ve scrimped and saved to put our 3 daughters thru college so they could compete in the business world!!! Between Federal & State income taxes, high property taxes, inflation, high sales taxes, I’m becoming very negative towards Government….

[@mikerock8177]

Equal taxes for all and less taxes

[@12vshady]

People need to change their taxes to M-9 and not file yearly. Keep your money. And shut down the IRS. Work together whenever an IRS agent tries to enter your property and make them leave.

[@freddieweimann3602]

If I lied to my boss I’d be let go....🙈

[@jefffuller8328]

Raise the national debt to an unsustainable level then you're able to text the rich with the support of the poor That's a fact.

[@adamplona9438]

Sounds solid and good to me. Great reporting!!

[@barackobama9343]

SO WAS COVID!!!

[@glennhopkins2643]

Patterson will pay !!!

[@billrea66]

Take your US tax rate , double it , add 10% and you get Canada !

[@keithschneider6348]

Dam

[@hometowncook6970]

hahahahahaahhahahahahha

[@user-vz8ln7pr7e]

Agreed with forbes

[@futurewolffilms5872]

And we need a resolution program for Payroll withholding tax for businesses that went out of business.

[@harryknutts8428]

if i worked 11 months id make the same as working 12 months because of taxes

[@PeaceIntheValley]

Why do tax cuts expire but not taxes?

[@Al-gv5uw]

I think we need to get our spending in check or tax reform can only do a little

[@BLAM777]

Have the politicians pay this. They have more than enough from their insider trading.

[@dennishungerford4146]

Yellen takes after her name ! Citizens of USA 🇺🇸 are yelling !

[@allcapskitten8245]

YOU GUYS HAVE IT THE REALITY CHECK !!!

[@dreadfuldonkey]

They have to start implementing control so Ai can take over

[@JoeEgan]

Yes, we should not count government spending toward GDP. Excellent point.

[@thundercatt5265]

....i think he doing that to attack the rich ,more than taking care of the nation, lying like hell

[@ninjagirl226]

No it makes sense when you realize the rich means making minimum wage.

[@oliphauntsneverlie6227]

Democrats consider anyone who makes a dollar as rich.

[@LivingAwake]

Tax and spend. Same game. The problem now is that we have hit the inflection point with money supply and deflation is nearly impossible. It will take severe rate increases and a bean and rice diet for 10 years.

[@hubertchristmas7594]

These guys have some great ideas!!

[@peterscott133]

What about if every person and entity paid a 5% tax rate. Period. No exemption.

[@waiotahi52]

It is about the wealthy paying their share...and that is a no no

[@snapfinger1]

Can you picture a 24 y/o Steve Forbes in the South of France living in Tax Exile protest w/ The Rolling Stones ?!

[@charlesflynn629]

The FED should be outlawed

[@douglackie3777]

Let the Americans vote on the fair tax act? It is a no brainer if America 🇺🇸 can get out of debt way more faster with the fair tax act!

[@diegojines-us9pc]

if you can do without a credit card for a year i would agree with you.

[@douglackie3777]

@@diegojines-us9pc I don’t use any credit cards 💳

[@montanausa329]

67% say to much leaving 33% not paying enough so raise their tawes then all are happy 😊

[@user-wy5fu8wj6c]

How about no tax

[@user-yj6lo9ro7z]

VOTE TRUMP ASP FOR THE REPUBLIC OF AMERICA AND THE PEOPLE'S CHOICE ❤❤❤❤ ( DON'T) VOTE FOR BIDEN.

[@nellosnook4454]

Agreed! 👍 1. These “economic advisors” are just entrenched DC Swamp bureaucrats-for-hire. 2. Morally-weak, ethically-malleable, minimally-qualified, institutionally-acceptable. 3. Such political hacks exist to please their next boss. 4. “Job Security”.

[@josephscott1952]

My tax return was $1600 less in 2023 than in tax year 2022 TAXES WENT UP +45%!!! 😮😮😮

[@hometowncook6970]

hahahhahahhahahhahhahah.......

[@happyappy19931]

Inflation has been a tax for the past 3 years!

[@r.p.c.9077]

They forgot reparations.

[@terikilday2505]

Doesn't go with the Dems wanting socialism

[@Arts_ng_sa_Socialismo]

Bonjour, but terrible for them, and those envy

[@JoeEgan]

Kevin’s business success is unsurprising given his smart, productive thinking. We should take his advice.

[@fritzschneider25]

i payed my taxes own a house past i would get 2000 to 3000 back now i owe them 900 dollares some thing is wrong

[@dmcorcoran1]

Thank you

[@stevenwagner4790]

Everything thing is taxed way too much! The us dollar " witch is useless " is taxed like 8 times!

[@user-wy5fu8wj6c]

Why is it that these companies don’t pay taxes

[@superblackjackdealer]

Janet yellen needs to go she's clueless.

[@scottysteadman5063]

Send Jello Yellen to prison!!

[@ExtraordinaryLiving]

Kudlow has the "Dream Team" here today! 🤗

[@davidmcguerty8405]

Truth means nothing anymore. Apparently the people believe lies and just move on blaming others.

[@waynesworld2271]

I LIKE IT.FREEDOM!!!!!

[@user-yg3jb1td2b]

End the income tax, Have a 10% national sales tax for tithing to the just cause of government.

[@timboss-is8fw]

Forbes is a smart man

[@gerardramirez6320]

67%!!!!!!!! What how about 90%!!!!!!!!!!

[@Gaming_Antics]

Rich people who pays less than 25% taxes should not be talking about taxes.

[@theresamcculley9863]

Nope 10% flat tax rate across the board of the gross income - no deductions no matter who you are. You make money, you pay taxes. You don't make money, you don't but you also don't get any "refund". The nation would be wealthy.

[@KD-bo4wq]

How about NO TAX👍

[@kennethfarthing1474]

Pfft tax in general is about control

[@michaelhibbs4717]

I had no idea when to get one of those guys on program and tell the public the truth after they get done seeing their lies, straighten the American people out, so they know the whole truth and nothing but the truth that’s my idea

[@nanettehayakawa7628]

I love listening to Steve Forbes - he's so solid and somehow he thinks so clearly, he let's us know what the deal really is ! Steve Forbes has it together. A+

[@hometowncook6970]

haahahahhahahahahahhahahahahh

[@pambond8008]

Well of course it is!!!

[@jeannovacco5136]

Letting people file tax returns and then sending them a check which started I think in the mid-1980s is the primary way that conservatives have seated themselves. People who don't pay income tax rarely care what other people pay, and they're not going to be convinced if they themselves are paying nothing or collecting money from the government on a regular basis. As far as poor people and low wage earners are concerned the top income brackets and the top echelons of wealth wouldn't be paying their fair share unless it was the 90% marginal tax rate that followed the Second World War

[@user-vz8ln7pr7e]

Yes, the real people

[@morganstewart-kp2dy]

Stabilize dollar!

[@Scotty2hotty-xc6gi]

What about ORANGEBABY JESUS😂😂😂

[@kevinmcsweeney4156]

It’s about control.

[@jamesstone1493]

The rich also gets to pass the tax on their clients to buy their products!!!!!!

[@carlcauble733]

Opinion, there is Pecos and now we have doll-lows

[@ginor8416]

Forbes Flat Tax! No loop holes! Everyone pays 17%. Simple, no more tax lawyers, overpaid accountants and IRS agents

[@hometowncook6970]

Wouldn't work, the poorer you are.... the more you will be taxed........AND.... that Tax would be more like 35% instead of 17%

[@-nathanallen3974]

theres no stating you have to pay income tax and prior to 1913 there was no income tax

[@doyourbest7655]

Same as the rain. Everybody is talking about it but no one is doing anything. Yeah, taxes,let’s actually see if something can be done this election. You pay taxes to buy something, pay taxes to own anything, pay taxes if you work, pay taxes if you sell something. Pay taxes if someone does something for you. Pay taxes if you get your money back from social security. Really? You know the next taxes will be on what you think. See if this does not happen. Look for taxes on social media. I worry about you but I won’t be taxed in this arena because I don’t think about anything.