Why Do Democrats Want Higher Taxes When the Economy is Still Weak?

President Biden has vowed to impose $2 trillion in tax increases including a corporate income tax rate hike to 28 percent and a 21 percent “global minimum tax.” Democrats say that further tax increases, including doubling the capital gains tax, a second death tax, and income tax increases may be introduced in the coming weeks.

These same Democrats argue that the economy is still weak and that there is a long path back toward recovery. If this is true, why are they calling for one of the largest tax increases in history?

READ  Fed’s Powell Says Cyber Threats a Bigger Danger to U.S. Economy Than 2008-Style Crisis
READ  Carpet-Bombing The Economy With Stimulus & Liquidity Is A Huge Mistake…

Earlier this month, House Speaker Nancy Pelosi (D-Calif.) said that we must “address the daily reality of joblessness and financial insecurity facing millions of Americans.” President Joe Biden has concurred saying that “it is very clear our economy is still in trouble.”

townhall.com/columnists/isabellemorales/2021/04/02/why-do-democrats-want-higher-taxes-when-the-economy-is-still-weak-n2587286

1,019 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.