{"id":1793846,"date":"2023-01-03T12:50:56","date_gmt":"2023-01-03T17:50:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1793846"},"modified":"2023-01-03T12:52:33","modified_gmt":"2023-01-03T17:52:33","slug":"these-biden-tax-hikes-just-took-effect","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/these-biden-tax-hikes-just-took-effect\/","title":{"rendered":"These Biden Tax Hikes just took effect"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" 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Version: 4.0.47--><p>\n These 3 Biden tax increases just went into effect with the start of the new year.<br \/>\n    <meta \/><br \/>\n    <meta content=\"width=device-width, initial-scale=1.0\" \/>\n    <link rel=\"pingback\" href=\"https:\/\/www.based-politics.com\/xmlrpc.php\" \/>\n    <meta content=\"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1\" \/><\/p>\n<p>\t<meta content=\"Get your wallets ready for a hit and these new Biden tax hikes take effect with the new year in raising the rates\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.based-politics.com\/2023\/01\/02\/these-3-biden-tax-hikes-just-took-effect-with-the-new-year\/\" \/>\n\t<meta content=\"en_US\" \/><br \/>\n\t<meta content=\"article\" \/><br \/>\n\t<meta content=\"These 3 Biden tax hikes just took effect with the new year\" \/><br \/>\n\t<meta content=\"Get your wallets ready for a hit.\" \/><br \/>\n\t<meta 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class=\"tdb-block-inner td-fix-index\">\n<p>You&#8217;re in for a surprise!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"tdi_76\" class=\"tdc-row stretch_row_1400 td-stretch-content\">\n<div class=\"vc_row tdi_77  wpb_row td-pb-row\">\n<div class=\"vc_column tdi_79  wpb_column vc_column_container tdc-column td-pb-span9\">\n<div class=\"wpb_wrapper\">\n<div class=\"td_block_wrap tdb_single_featured_image tdi_80 tdb-content-horiz-left td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_80\">\n<div class=\"tdb-block-inner td-fix-index\">\n<figure>\n                                    <img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"392\" class=\"entry-thumb\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/01\/Untitled-design-2023-01-02T123917.735-696x392-1.png\" 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https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/01\/Untitled-design-2023-01-02T123917.735-747x420-1.png 747w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/01\/Untitled-design-2023-01-02T123917.735.png 1920w\" alt=\"\" title=\"Untitled design - 2023-01-02T123917.735\"   style=\"display:none\"><figcaption class=\"tdb-caption-text\">Screenshot\/YouTube<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<div class=\"vc_row_inner tdi_83  vc_row vc_inner wpb_row td-pb-row\">\n<div class=\"vc_column_inner tdi_85  wpb_column vc_column_container tdc-inner-column td-pb-span12\">\n<div class=\"vc_column-inner\">\n<div class=\"wpb_wrapper\">\n<div class=\"td_block_wrap tdb_single_author tdi_86 td-pb-border-top td_block_template_1 tdb-post-meta\" data-td-block-uid=\"tdi_86\">\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-author-photo\" href=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" title=\"Brad Polumbo\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.based-politics.com\/wp-content\/uploads\/2022\/01\/brad-150x150.jpeg\" width=\"96\" height=\"96\" alt=\"Brad Polumbo\" class=\"avatar avatar-96 wp-user-avatar wp-user-avatar-96 alignnone photo\" \/><\/a><\/div>\n<\/div>\n<div class=\"td_block_wrap tdb_single_date tdi_87 td-pb-border-top td_block_template_1 tdb-post-meta\" data-td-block-uid=\"tdi_87\">\n<p><time class=\"entry-date updated td-module-date\" datetime=\"2023-01-02T13:41:46-04:00\">January 2, 2023<\/time><\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"td_block_wrap tdb_single_content tdi_88 td-pb-border-top td_block_template_1 td-post-content tagdiv-type\" data-td-block-uid=\"tdi_88\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p class=\"p2\">There\u2019s no better way to ring in a new year than with your taxes going up. This statement was made by literally no one. Yet that\u2019s exactly the fate awaiting millions of Americans, because a number of tax increases passed by President Biden just took effect on January 1.<\/p>\n<p class=\"p2\">These are the 3 biggest tax increases that have taken effect. <a href=\"https:\/\/www.atr.org\/list-of-biden-tax-hikes-hitting-americans-on-jan-1\/\" class=\"stylish-link\"><span class=\"s1\">originally identified<\/span><\/a> Mike Palicz, American for Tax Reform (ATR),<\/p>\n<p class=\"p1\"><b>Oil imports subject to a 16.4-cent tax<\/b><\/p>\n<p class=\"p2\">Americans have been struggling with skyrocketing gas prices since the inception of this administration. Apparently, the president thinks the way to improve this situation is to\u2026 tax oil imports? Yes, seriously. The so-called \u201cInflation Reduction Act,\u201d The bill, which was passed by Democrats on August 20, 2022, contains a 16.4 percent per barrel tax for oil imports. New taxes are also in effect for natural gas and coal.<\/p>\n<p class=\"p2\">It\u2019s just basic economics that at least some of these costs will be passed on to consumers and result in higher gas prices. Thanks, Joe!<\/p>\n<p class=\"p1\"><b>Your retirement savings will be affected by a $74B tax on stock purchasebacks<\/b><\/p>\n<p class=\"p2\">Democrats have passed legislation that imposes a 1% tax upon stock buybacks. They claim this will generate more than $70billion in revenue over the next ten years. This might sound like something that only finance bros need to worry out, but it\u2019s not.<\/p>\n<p class=\"p2\">ATR explains: \u201c\u200b\u200bRaising taxes and restricting stock buybacks harms the retirement savings of any individual with a 401(k), IRA or pension plan. Union retirement plans will also be hit. The tax will put U.S. employers at a competitive disadvantage with China, which does not have such a tax.\u201d<\/p>\n<p class=\"p2\">Hmm\u2026 hurting Americans retirement savings and putting us at a competitive disadvantage with China. Is this really what it is? \u201cBuild Back Better\u201d What was it supposed to look like<\/p>\n<p class=\"p1\"><b>Workers will be hurt by a $225 billion tax increase<\/b><\/p>\n<p class=\"p2\">The Biden administration\u2019s new 15% \u201cminimum tax\u201d Thanks to the &#8220;Reform of Corporations&#8221;, corporations are now subject to the same restrictions. \u201cInflation Reduction Act.\u201d While it\u2019s meant to squeeze money out of corporate bigwigs, economists have long acknowledged the reality that much of the burden of the corporate tax is borne by workers and consumers. The Tax Foundation was established. <a href=\"https:\/\/taxfoundation.org\/build-back-better-plan-reconciliation-bill-tax\/\" class=\"stylish-link\"><span class=\"s1\">warns<\/span><\/a> This new tax will result in 27,000 job losses, lower wages and a decrease in economic growth.<\/p>\n<p class=\"p1\"><b>So much for Joe\u2019s promises, huh?<\/b><\/p>\n<p class=\"p2\">President Biden promised time and time again that he wouldn\u2019t raise taxes on anyone earning less than $400,000. But thanks to the tax hikes he\u2019s implementing that are now taking effect, anyone who buys gas, has a retirement account, or works for a major corporation will be bearing the burden of some big new taxes.<\/p>\n<p class=\"p4\"><span class=\"s2\"><i>Shoutout to ATR\u2019s Mike Palicz for identifying these<\/i> <a href=\"https:\/\/www.atr.org\/list-of-biden-tax-hikes-hitting-americans-on-jan-1\/\" target=\"_blank\" rel=\"noopener\" class=\"stylish-link\">tax hikes<\/a><i>.\u00a0<\/i><\/span><\/p>\n<p class=\"p1\"><b>You like this article? 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These including our newsletter or other informational emails*<\/p><\/div>\n<\/div>\n<div class=\"tdm_block td_block_wrap tdm_block_column_title tdi_96 tdm-content-horiz-center td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_96\">\n<div class=\"td-block-row\">\n<div class=\"td-block-span12 tdm-col\">\n<h3 class=\"tdm-title tdm-title-sm\">Listen to the Latest Podcast<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tdm_block td_block_wrap tdm_block_column_title tdi_100 tdm-content-horiz-left td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_100\">\n<div class=\"td-block-row\">\n<div class=\"td-block-span12 tdm-col\">\n<h3 class=\"tdm-title tdm-title-sm\">Similar articles<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"tdi_107\" class=\"tdc-row stretch_row_1400 td-stretch-content\">\n<div class=\"vc_row tdi_108  wpb_row td-pb-row\">\n<div class=\"vc_column tdi_110  wpb_column vc_column_container tdc-column td-pb-span12\">\n<div class=\"wpb_wrapper\">\n<div class=\"tdb-author-box td_block_wrap tdb_single_author_box tdi_111 tdb-content-vert-center td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_111\">\n<div class=\"tdb-block-inner td-fix-index\"><a href=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" class=\"tdb-author-photo\" title=\"Brad Polumbo\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.based-politics.com\/wp-content\/uploads\/2022\/01\/brad-150x150.jpeg\" width=\"96\" height=\"96\" alt=\"Brad Polumbo\" class=\"avatar avatar-96 wp-user-avatar wp-user-avatar-96 alignnone photo\" \/><\/a><\/p>\n<div class=\"tdb-author-info\"><a href=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" class=\"tdb-author-name\">Brad Polumbo<\/a><\/p>\n<p>Brad Polumbo is a libertarian-conservative journalist and co-founder of Based Politics. His work was cited by many top legislators, including Senator Rand Paul and Senator Ted Cruz, Senator Pat Toomey and Congresswoman Nancy Mace. Former UN Ambassador Nikki Haley has also been cited. Brad has testified before the US Senate and appeared on Fox News and Fox Business. He also wrote for publications such USA Today and National Review, Newsweek and the Daily Beast. He hosts the Breaking Boundaries podcast and has a bachelor\u2019s degree in economics from the University of Massachusetts Amherst.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>                    <span class=\"td-page-meta\" itemprop=\"author\" itemscope itemtype=\"https:\/\/schema.org\/Person\"><meta itemprop=\"name\" content=\"Brad Polumbo\" \/><meta itemprop=\"url\" content=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" \/><\/span><meta itemprop=\"datePublished\" content=\"2023-01-02T13:41:46-04:00\" \/><meta itemprop=\"dateModified\" content=\"2023-01-02T13:42:26-04:00\" \/><meta itemscope itemprop=\"mainEntityOfPage\" itemtype=\"https:\/\/schema.org\/WebPage\" itemid=\"https:\/\/www.based-politics.com\/2023\/01\/02\/these-3-biden-tax-hikes-just-took-effect-with-the-new-year\/\" \/><span class=\"td-page-meta\" itemprop=\"publisher\" itemscope itemtype=\"https:\/\/schema.org\/Organization\"><span class=\"td-page-meta\" itemprop=\"logo\" itemscope itemtype=\"https:\/\/schema.org\/ImageObject\"><meta itemprop=\"url\" content=\"https:\/\/www.based-politics.com\/2023\/01\/02\/these-3-biden-tax-hikes-just-took-effect-with-the-new-year\/\" \/><\/span><meta itemprop=\"name\" content=\"Based Politics\" \/><\/span><meta itemprop=\"headline\" content=\"Get your wallets ready for a hit.\" \/><span class=\"td-page-meta\" itemprop=\"image\" itemscope itemtype=\"https:\/\/schema.org\/ImageObject\"><meta itemprop=\"url\" content=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/01\/Untitled-design-2023-01-02T123917.735.png\" \/><meta itemprop=\"width\" content=\"1920\" \/><meta itemprop=\"height\" content=\"1080\" \/><\/span>                <\/article>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>These 3 Biden tax increases just went into effect with the start of the new year. Welcome!Register now to open an account Password recovery You&#8217;re in for a surprise! Screenshot\/YouTube January 2, 2023 There\u2019s no better way to ring in a new year than with your taxes going up. This statement was made by literally &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1793849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[3620,5458,6367,3819,8360],"class_list":["post-1793846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-biden","tag-bongino","tag-hikes","tag-report","tag-tax"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1793846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1793846"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1793846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1793849"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1793846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1793846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1793846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}