A new report by the Congressional Research Service has uncovered that President Biden may owe up to half a million dollars in back Medicare taxes.
That’s right – our President – the one who promised an administration above ethical reproach, has an overdue IRS bill of $500,000.
The report outlines that President Biden and the First Lady pocketed over $13 million in speaking fees and book deals but reported less than $800,000 as taxable.
I guess the extra $500,000 slipped their mind.
The Bidens, for their part, argue that they simply took advantage of a loophole that the IRS doesn’t have resources to do anything about. Nice!
It doesn’t surprise us that the Biden’s made a mental error – but this one is especially meaningful because it demonstrates the complete hypocrisy of the tax-and-spend Democrats of 2021!