Less than a third of all Americans will benefit from Democrats’ tax plans, with more than two thirds either experiencing no benefit or facing immediate tax hikes. The middle class and small businesses in particular will be getting very little—except for more taxes.
One thing is certain, these new taxes do not only impact the rich. In fact, liberals would like to give the wealthy in high-tax states like New York and California a tax cut as part of the plan!
Democrats have also floated retroactive tax increases on the American people.
GO HERE TO TELL CONGRESS: IMPEACH BIDEN! --- Senate Democrats claim they oppose hiking taxes on middle-class and low-income workers, and they even joined Senate Republicans recently in voting to ban such a tax hike. But one look at their reckless tax and spending spree proves the Democrats’ opposition to job-killing tax hikes was just … Continue reading Biden and Senate Dems unveil crippling new tax hikes on middle class
Back in 2014, I shared some data from the Tax Foundation that measured the degree to which various developed nations punished high-income earners. This measure of relative “progressivity” focused on personal income taxes. And that’s important because that levy often is the most onerous for highly productive residents of a nation. But there are other … Continue reading Which Country Punishes Productive People the Most?