{"id":823785,"date":"2021-09-28T12:14:03","date_gmt":"2021-09-28T16:14:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=823785"},"modified":"2021-09-28T12:14:06","modified_gmt":"2021-09-28T16:14:06","slug":"psaki-unfair-and-absurd-to-say-companies-would-raise-prices-in-response-to-tax-increases","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/psaki-unfair-and-absurd-to-say-companies-would-raise-prices-in-response-to-tax-increases\/","title":{"rendered":"Psaki: \u2018Unfair and Absurd\u2019 To Say Companies Would Raise Prices in Response to Tax Increases"},"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\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpsaki-unfair-and-absurd-to-say-companies-would-raise-prices-in-response-to-tax-increases%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=823785&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/09\/Screen-Shot-2021-09-28-at-11.54.19-AM-e1632844503225.png\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>White House press secretary Jen Psaki on Monday defended House Democrats&#8217; tax plan in the face of criticism that the legislation would see taxes and consumer prices rise for many Americans. Psaki insisted President Joe Biden is committed to keeping taxes the same for anyone making less than $400,000 a year, and she called it &#8220;absurd&#8221; that companies would raise consumer prices in response to higher taxes.<\/p>\n<p>&#8220;There are some \u2026 who argue that, in the past, companies have passed on these costs to consumers,&#8221; Psaki said. &#8220;We feel that that\u2019s unfair and absurd, and the American people would not stand for that.&#8221;<\/p>\n<p>A number of <a href=\"https:\/\/tax.unc.edu\/wp-content\/uploads\/2020\/04\/corptaxprice.pdf\">economic<\/a> <a href=\"https:\/\/www.cato.org\/research-briefs-economic-policy\/corporate-taxes-retail-prices\">studies<\/a> have found that consumers bear approximately 31 percent of the cost of corporate tax increases through higher prices on consumer products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>White House press secretary Jen Psaki on Monday defended House Democrats&#8217; tax plan in the face of criticism that the legislation would see taxes and consumer prices rise for many &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-823785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/823785","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=823785"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/823785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=823785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=823785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=823785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}