By his own standards, Joe Biden is a tax cheat. Yet he proposes to raise taxes on private sector achievers to fund his federal spending sprees. The irony may be lost on him. But the hypocrisy is not lost on us.

FNC: “While recently touting his infrastructure plan, President Biden griped ‘the wealthiest 1% of Americans saw their net worth increase by $4 trillion,’ he then ripped loopholes and deductions corporations used to dodge taxes. But a blistering letter from the leader of a House conservative caucus regarding Biden’s own tax loopholes could foreshadow what Republicans will include in their oversight agenda should they flip the House of Representatives in 2022.” Republican Rep. Jim Banks of Indiana outlines the Biden hypocrisy.

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Banks: “House Democrats used their oversight power to subpoena Trump for his tax returns, but they’ve completely ignored Joe Biden’s abuse of our tax code. When we take back the House in 2022, Oversight [Committee] Republicans won’t forget about Biden’s legally dubious tax avoidance schemes…

“As a private citizen in 2017, 2018 and 2019, Biden and first lady Jill Biden routed $13 million in income through two S-corporations – CelticCapri Corporation and the Giacoppa Corporation – to avoid paying taxes that help fund Medicare and the Affordable Care Act (ACA), better known as ObamaCare. While entirely legal, Biden has advocated eliminating such loopholes, while also promoting the expansion of both Medicare and ObamaCare. Do you intend to undo your hypocrisy and pay these taxes back to the American people?

“Press reports indicate that you both directed revenue from book royalties and speaking appearance fees into these two corporations avoiding self-employment payroll tax liabilities that would have flowed to America’s Medicare program that provides care to over 60 million seniors,” reads the letter, dated March 25…The ACA imposed higher taxes on millions of Americans, but not Joe Biden. He paid $121,000 less in ObamaCare taxes thanks to an obscure tax loophole. Talk about inside baseball. Joe Biden advocated for expanding Medicare, and is pushing to close tax loopholes and for a $3 trillion tax hike. At the same time, ‘Amtrak Joe’ made $13 million through speaking fees in just three years, then skimped over $500,000 from Medicare recipients through tax loopholes.

“Your hypocrisy is highlighted by the fact that Medicare faces significant funding shortfalls. Just this year, the Congressional Budget Office estimated its Hospital Insurance Trust Fund will face insolvency in the middle of Fiscal Year 2026—roughly five years from now. Moreover, during the presidential campaign, you said ‘ObamaCare is personal to me’. And your administration has sought to expand ObamaCare wherever possible. Yet, you and your wife avoided paying $121,000 in Obamacare payroll taxes.” Biden is a typical DC creature who lives by “Do as I say, not as I do.” He then has the gall to penalize those who actually work hard and succeed. Par for the course in Washington.

This piece was written by David Kamioner on April 6, 2021. It originally appeared in and is used by permission.

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