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IPFS News Link • Taxes-Corporate

Home Depot Co-Founder: "Fraud" To Suggest Middle-Class Won't See Higher Taxes Under Bi

• Zero Hedge

Authored by Joseph Jankowski via,

Home Depot co-founder Ken Langone ripped into the Biden tax plan on Wednesday when he said that it was a "fraud" to suggest that middle-class Americans won't have their taxes raised if Joe Biden is elected President.

"First of all there's a reality, you aren't going to get the revenue numbers by just taxing the rich," Langone told Fox Business.

"The only way a tax increase will generate revenues is to go after the middle class. That's where the numbers are. These people are being misled," he explained. "It's absolutely a fraud to suggest that the money that's going to be needed is going to come from the rich or the super-rich."