>> I wanna make it clear, I'm gonna raise some taxes.
Many of your billionaires out there, you're gonna stop paying a 3%.
It's not a joke.
>> No, it is a joke because no, he's not.
Let's just keep it real.
Now what President Joe Biden was referring to there is his upcoming
budget proposal which is probably the most irrelevant effort from
Biden during his administration, why?
Because he was unable to pass tax increases for
the rich when Democrats had the majority in the House and the senate.
What makes him think there's even a little chance,
a tiny minor chance that he's gonna get tax cuts passed?
So in my opinion of the posturing and the theater to make it appear as though,
he supports certain things when in reality, when he had the opportunity
to pass it and he had the opportunity to fight for it, he didn't do so.
So please spare me this made up drama that's now ensuing among the Democrats,
because Democrats in some of these purple states are like, no,
I'm facing a tough reelection.
I really don't want Biden to do this.
Please don't do this, Biden, please, come on.
>> Okay, that's exactly how they said it, I saw it.
I do want a minor correction and you said, tiny minor.
No, it's tiny miny, okay?
>> Tiny miny.
>> Tiny miny, okay?
>> My apologies, I wanna make sure we get the facts right.
>> Okay, now I'm gonna tell you why Biden's doing this.
I'm gonna tell you why the Democrats are crying.
I'm gonna tell you why they did this story in the mainstream press.
I'll hit you with one of them now and then the others later.
Why is Biden doing it?
Do you know what raising tax on the rich polls at?
Now if you're Washington media and gets 10%, 9, 8 which one.
A bunch of communist, young kids, probably,
it pulls at 76% among the American people.
That's right.
>> Over three quarters of Americans say, goddamn right tax the rich.
That's why Biden is doing a fake attempt to tax the rich or
he done one tax the rich.
Ana is absolutely right, there is no chance of passing.
It had no chance of passing when he had the majorities in both houses.
>> Yeah, guys, look, let me give you just one of the reasons why I
believe he's not being sincere in wanting to raise taxes on the rich.
One of the things that he did right out of the gate when Democrats had
the majority in the House and the senate was he proposed a corporate tax hike
from the 21% which Trump, of course, had lowered from 35%, right?
So Biden campaigned on, I'm gonna reverse the Trump era tax cuts for the rich.
So you would assume, reversal means going back to 35%.
But his proposal right out of the gate was not 35, it was 28% with no details
on whether or not he was interested in cutting the corporate tax loopholes.
Let's keep it real, he was never sincere about reversing the tax cuts for the rich.
His first proposal made that clear.
>> Okay, I mean, you tiny bit more context to that cuuz I love that story.
He's like, I'm reversing and we're gonna go back to 35%.
No, 28%.
The Manchin said, no, 25% and you know what they settled at?
No, 21%.
>> Exactly.
>> They didn't move it one inch and they never intended to and what's the press is
doing here is total theater, we'll get back to that in a second.
>> Yes, so let's go to the hill.
Not literally, the publication is what I'm referring to where one of their
headlines reads, Biden to trigger tax fight senate Democrats don't want.
I'm gonna read you a few excerpts.
Biden will trigger a fight over raising taxes when he introduces his budget plan
next week, something the senate democrats who face a tough road ahead to protect
their majority aren't clamoring for, especially in West Virginia, Montana and
Arizona.
Manchin waved aside a question about raising taxes in a deficit
reduction package.
When asked about adding tax hikes to a deficit-reduction deal, he said, quote, we
ought to be worried about the $31 trillion in debt and how we got here so quick.
Well, the $2 trillion in tax cuts for
the rich that passed in 2017 under Trump certainly contributed to that.
But he's got no interest in reversing those tax breaks cuz homeboys wealthy
himself, let's keep it real.
>> 100%.
>> Yeah. >> I mean,
if you're talking about all the debt we have, then obviously,
you don't wanna increase taxes on the rich, so that we can lower the debt.
Where's the question?
But of course, the question is how much am I getting bribed by those same wealthy
folks that mainstream press is never gonna talk about?
But here's an interesting thing they also don't mention in the article,
which gives you the most important context for this.
They say, a tough road ahead for some Democrats in swing states and
red states like West Virginia.
Making it seem like the people of West Virginia want tax cuts for
the rich, which they most definitely do not.
Even though West Virginia has red, it's also one of the most populous states and
they hate the rich more than almost any other state.
And so look,
I haven't seen a poll in West Virginia is specific about raising tax on the rich,
but my guess is it would be higher than the national average of 76%, right?
But they may making the press makes it appear.
I mean, Manchin and tester in Montana, he can't do it cuz the red states love
the rich so much and they don't want them touched at all.
>> Yeah. >> That's totally nonsense.
The real reason why it's a tough road ahead for
them is because in those swing states, they need tons and
tons of cash to compete and where they're gonna get the cash?
Well, they're gonna get it in the form of legalized bribes-
>> Yes.
>> From the wealth.
>> Yes. >> From these corporations.
>> Yes.
>> And that's why they're reelection would be made tougher cuz they can't take as
many bribes if they vote for this, but they never clarify that in the press.
>> Of course, they don't.
Because as Cenk mentioned earlier, when you poll the American people in regard to
raising taxes specifically on the wealthy, it polls incredibly well.
In fact, during the Trump administration as he was trying to market and
sell his tax cuts to the American people, the majority of Americans poll after poll.
There were multiple polls indicating that his tax plan was not popular, but
they went through with it anyway because it's self-dealing, right?
Not only for their donors, but you've got to also keep in mind that there are so
many wealthy people in Congress.
And at that time with Trump in office, I'm sure he and
his family members benefited from those tax cuts as well.
But to your point, Cenk, one other excerpt I wanna read from the hill.
Putting tax increases front and center when Democrats have to defend
23 Senate seats in the next election is causing jitters,
because Republicans are sure to latch onto biden's proposal to try to paint
the Democratic Party at large as a bunch of tax-and-spend liberals.
Look, if you're a Democrat who is not
bought by corporate donors, go ahead.
Go ahead, Republicans, please market what your marketing.
Please go to the American people and
let them know that I wanna raise taxes on the rich.
Or actually, no, please don't do that.
That would be very, very bad, right?
>> Yes. >> No, if you're uncorrupted,
that's free advertising, that's free campaigning on your behalf.
Excellent, go do it, have fun.
>> This article was actually kind of a masterpiece in corporate propaganda,
cuz it helped everyone involved both through acts of omission and commission.
So they never told you, hey, those battleground states will be made tough for
the Democrats cuz they can't do as much fundraising if they do this.
I mean, don't you think that's the most relevant fact in the story, but
you left that out entirely?
But it's not just the actual mission, how about the ones that they are doing?
So they say, okay, tax spend liberals, that's how they'll be tarred.
But wait,
why would they be tarred if three quarters of the country is in favor of it?
You're making it seem like raising taxes on the rich is unpopular by the way that
you're framing it, although you never stated a poll.
So you didn't technically lie, right,
but you framed it in a way that makes no sense at all.
In fact, it's the opposite of what's true and then the third thing that's in
there is a giant thank you Joe Biden who's an enormous corporate Democrat.
So the correct way to write this article is President Biden suggests the tax
increase on the rich because of how popular it is in the country,
full well-knowing that it has no chance of passing because of the bribes that his
Democratic colleagues and the entire Republican Party take.
>> Exactly.
>> That is actually what is happening, but
you get none of that sense from this story.
>> But it's okay, because we can decode the nonsense and propaganda here at TYT.
>> Boom, you're welcome.