Louisiana Republican Senator John Kennedy said that the Biden administration seeks tax unrealized gains on inherited properties in its divine mission to appease America's "wokers."
To illustrate his point, he used the hypothetical scenario of a young widow trying support her three children by buying a $150,000 house.
Kennedy spoke with Tucker Carlson on Thursday to say that "this is what happens when a president or a secretary of the Treasury are on a mission by God to please pink-haired whiners who carry Ziploc bags full of kale." This is what happens when a president or secretary wants to tax, spend and regulate America into neosocialism.
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He stated that her mother's only asset, her home, would have been worth $1.75million by the time she died.
Kennedy stated that Kennedy left her home to her children. Her children would not be subject to income tax under current law if the home was not sold. They would not have to pay inheritance tax.
He stated that the Biden administration would tax the children of the widowed mother on the total value of her home, regardless of whether or not it was sold.
Kennedy stated that if the children didn't have the capital to pay taxes, they would be "forced to sell their principal inheritance" and lose their principal inheritance.
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He said that the United States had never done such a thing, and added that it would "affect millions and millions of middle-class Americans" as well as "maul the realty market."
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Tags: News, Louisiana, John Kennedy, Tax, Janet Yellen
Original Author: Luke Gentile
Original Location: Kennedy: Biden is on a "mission from God" to appease "pink-haired Wokers who carry Ziploc bags of Kale around."
