Thursday, July 18, 2024

Rick Scott Releases Ad Accusing Biden of Cheating on Taxes

'Biden improperly used a loophole to dodge half a million dollars in taxes that should have gone to Medicare... '

(Headline USA) Sen. Rick Scott, R-Fla., released a new ad in Florida after President Joe Biden’s State of the Union address on Tuesday, accusing the president of cheating on his taxes and calling on him to resign.

The ad begins by reminding voters that Biden hired tens of thousands of new IRS agents and cut $280 billion from Medicare through the Inflation Reduction Act. The latter claim is a reference to a provision in the Inflation Reduction Act that would permit Medicare to negotiate drug prices directly with manufacturers, which will allegedly save the government $280 billion.

“But what you don’t know is that Joe Biden also cheated on his taxes and got away with it,” Scott says in the ad. “Biden improperly used a loophole to dodge half a million dollars in taxes that should have gone to Medicare. Now that Biden has ripped off Medicare for half a million dollars, he wants to close the loophole and raise your taxes.

“Biden should resign,” Scott added.

Scott’s claims are based on Biden’s tax returns from 2017 and 2018, which showed he took advantage of a tax loophole that former President Barack Obama sought to close during his administration. This loophole allowed Biden to avoid an additional 3.8% in Medicare taxes, according to a report.

The ad comes after Biden accused Republicans during the State of the Union of seeking to slash Medicare and Social Security funding. GOP leadership have denied that they plan to touch these benefits.

“We won’t touch Medicare or Social Security,” House Speaker Kevin McCarthy, R-Calif., said last month.

Former President Donald Trump also came out strongly against cutting Social Security or Medicare.

“Under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security,” he said in a video last month.

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