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The Tax Hikes Tucked Into Bidenās Covid Relief Plan
Democrats inserted three tax hikes on the wealthy and large corporations into their $1.9 trillion Covid rescue plan. Together, the three increases are projected to raise $60 billion, Politicoās Brian Faler writes: āOne takes away deductions for publicly traded companies that pay top employees...
From the link:
"Rejecting Reaganomics: Combined, Bidenā tax cuts for individuals and tax hikes for businesses highlight Biden and Democratsā focus on fighting inequality ā and signal a sharp break from both Trumpās economic approach and that of Ronald Reagan. āBiden is basically pulling a George Costanza on Reagan with this bill: Do the opposite of Reaganomics,ā NBC Newsās Sahil Kapur tweeted Wednessday night. āInstead of easing burdens for upper earners and counting on that to deliver broad benefits, heās sending cash to low-income people and counting on them to boost the economy.ā
Now is the time to demonstrate that are economy benefits from Consumer Spending, more jobs, more taxes paid and more profits by the producers - both small and large businesses.