Pres. Biden is planning to raise taxes dramatically.
This will have a profoundly bad impact on the economy: When you tax something, you get less of it—not more. Less prosperity, fewer jobs.
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Or, as happened when Eisenhower raised taxes like crazy, the wealthy begin to reinvest for tax breaks instead of hording cash and stagnating the economy. The tax rate was 90%, but no one actually paid that, because they put their money to work instead.
Please stop misleading us.
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$2Trillion tax cuts (added to nat'l debt) for donors in 2017 Trump Rewards Plan.
You could rescind a bit of that and only your personal accountants would notice.
Hypocrite John Kennedy (the bad one)
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