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The Tax Hikes Tucked Into Biden’s 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, Politico’s Brian Faler writes: “One takes away deductions for publicly traded companies that pay top employees...
www.yahoo.com
From the link:
"Rejecting Reaganomics: Combined, Biden’ tax cuts for individuals and tax hikes for businesses highlight Biden and Democrats’ focus on fighting inequality — and signal a sharp break from both Trump’s economic approach and that of Ronald Reagan. “Biden is basically pulling a George Costanza on Reagan with this bill: Do the opposite of Reaganomics,” NBC News’s Sahil Kapur tweeted Wednessday night. “Instead of easing burdens for upper earners and counting on that to deliver broad benefits, he’s sending cash to low-income people and counting on them to boost the economy.”
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.