From FoxBusiness.com…
President Biden and first lady Jill Biden saved up to $500,000 by routing $13 million they received in book sales and speeches in 2017 and 2018 through S corporations, according to a Congressional Research Service report, which drew criticism by at least one Republican
It is not uncommon for wealthy individuals and politicians to try and preserve their income by using what some call tax loopholes, but Republicans have called out what they see as hypocrisy from the president who came out in support of proposals to tax billionaires.
On Friday, the president told reporters, “I just think it’s about just paying your fair share, for Lord’s sake.”
Rep. Jim Banks, the chair of the Republican Study Committee, lashed out at Biden for calling on the country’s richest to pay their “fair share” to help finance his $2.1 trillion infrastructure plan.
