Joe Biden insisted throughout his 2020 presidential campaign, and has insisted throughout his time in the Oval Office, that wealthy Americans “pay their fair share” in taxes.
Around the same time, federal prosecutors alleged in a nine-count indictment filed Thursday, Biden’s son Hunter lost seven figures on “everything but his taxes.”
“Under my tax plan, no one making less than $400,000 will see their taxes increase,” Biden He boasted on his campaign’s Twitter account in the final days of the 2020 campaign.. “But it’s time for big corporations and the wealthiest Americans to pay their fair share.”
Former President Donald Trump, the then Democratic challenger said on other occasionsHe had pushed for a generous tax cut for “his rich friends” while in office.
Biden further contrasted his predecessor’s economic policies with his own after winning the presidency, boosting his approach as part of big legislative spending packages which have been blamed for rising prices for decades.
President Biden, throughout his 2020 campaign and during his time in the Oval Office, has demanded that wealthy Americans “pay their fair share” in taxes, after his son was $1.4 million delinquent. Dollars. AP The president’s son, Hunter Biden, in the years before he ran for office, evaded at least $1.4 million in taxes between 2016 and 2019, despite reporting income of almost $7 million.
Earlier this year, the president went even further by “asking the richest to pay a little more than their fair share” in his budget proposal, raising the Medicare tax rate for Americans – like him – who earn more than $400,000 a year.
The effort has catered to the progressive flank of Biden’s party, with lawmakers such as Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-NY) frequently calling on the federal government to “tax the rich ”.
But Hunter, prosecutors say, evaded at least $1.4 million in taxes between 2016 and 2019, despite reporting income of nearly $7 million during that period.
Former President Donald Trump, Biden said, pushed for a generous tax cut for “his rich friends” while in office. REUTERS
Special prosecutor David Weiss filed three felony charges against the first son, alleging “four years [tax avoidance] “The scheme” fueled his “extravagant” lifestyle, according to a Los Angeles grand jury indictment.
That included splurging on “drugs, escorts and girlfriends, luxury hotels and rental properties, exotic cars, clothing and other items of a personal nature – in short, everything but your taxes,” the 56-page document reads.
Over the four-year period, the first son withdrew more than $1.64 million in cash from ATMs, paid $683,212 to “several women” with whom he was romantically involved or who were “performing personal services,” spent $397,530 in clothing and accessories and $188,960. about adult entertainment.
The effort has catered to the progressive flank of Biden’s party, with Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-NY) calling on the federal government to “tax the rich.” AFP via Getty Images
Several of those payments, prosecutors say, were falsely categorized as business expenses, such as $10,000 for a sex club membership that was relabeled as a “golf club membership.”
Hunter also spent a paltry $71,869 on drug and alcohol rehabilitation programs, according to a breakdown included in the indictment.
If convicted on all charges, the 53-year-old faces up to 17 years in prison.
Special prosecutor David Weiss on Thursday charged the first son with nine counts of tax evasion, alleging that the “four-year plan” fueled his “extravagant” lifestyle. AP
When asked about the charges on Friday, White House press secretary Karine Jean-Pierre said the president “loves his son and supports him as he continues to rebuild his life,” but would not forgive him if he is found guilty. guilty.
“My dad has been a senator since I was two years old,” Hunter Biden complained in a podcast interview with prominent vegan and occasional techno DJ Moby that was published Friday. “He has released decades of tax returns. He has lived in the public light. We have lived in the public light. We have been through four presidential campaigns.
“My whole life has been in front of the public. It was necessary until, lo and behold, Donald Trump realized that somehow this is a criminal enterprise,” he added. “I mean, it takes credulity, but we sit here and talk about it. And this morning I turn on ABC, ‘Face the Nation’ and they’re talking about, well, Hunter Biden’s plea deal and this, that and the other, and who knows what will happen with James Comer and [what] can find. Are you kidding me? I mean, we’re actually just going to talk about Ukraine again, really? Actually?”
Weiss also charged Hunter in September with three counts of lying about his crack use on a federal gun purchase form, charges for which he could face up to 25 years in prison.
In a statement Thursday, Biden’s defense attorney, Abbe Lowell, accused Weiss and his team of prosecutors of having “failed to comply.”[d]”in a probation-only plea agreement for both types of charges.
“According to the facts and the law, if Hunter’s last name was anything other than Biden, charges would not have been filed in Delaware, and now in California,” Lowell said.
“Now, after five years of investigation without new evidence, and two years after Hunter paid his taxes in full, the federal prosecutor has racked up nine new charges when just a few months ago he had agreed to resolve this matter with a pair of crimes. minors. “
The powerful criminal defense lawyer said the weapons charges were also evidence that Weiss “caved to Republican pressure.”
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Source: vtt.edu.vn