Thursday, August 26, 2021

Beware Democrats’ big tax-hike plans in infrastructure bill

Beware Democrats’ big tax-hike plans in infrastructure bill: House Democrats are now writing their version of the $3.5 trillion “human infrastructure” bill, detailing all the wish-list items they mean to ram through with zero Republican votes — including a host of economy-killing tax hikes. No matter that the Trump-era tax cuts were bringing the best working-class wage gains in years before COVID hit: Dems mean to reverse them all and then some. The Senate blueprint for the bill, for example, moves the corporate income-tax rate to 28 percent from the 21 percent level set by the 2017 Tax Cuts and Jobs Act. It also follows President Joe Biden’s call to double the federal capital-gains tax.

No comments:

Post a Comment

Spamming will be removed.

Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.

Note: Only a member of this blog may post a comment.