This week, Congressional Democrats released a detailed tax hike plan that they promised to implement if given majority control of the House and Senate after the 2018 midterm elections.
So much for the crocodile tears about the deficit-Democrats want to raise taxes not to reduce the debt, but rather to spend that tax hike money on boondoggle projects.
This nearly 3 percentage point increase in the top personal rate is not only a hike in the top bracket levy, but it's also a direct tax increase on small and mid-sized businesses.
Hiking the top tax rate is a small business tax increase.
This higher tax home pay is a down payment on a lower tax liability.
As a result, jobs and capital were fleeing America for more normal tax rates that could be found in tax havens like France and China.
Americans for Tax Reform keeps a running list of tax cut bonuses, raises, 401(k) match increases, and other benefits companies are passing along to workers as a result of this tax cut.
https://www.forbes.com/sites/ryanellis/2018/03/09/democrats-release-tax-hike-plan/#44b8a63e7b9e
So much for the crocodile tears about the deficit-Democrats want to raise taxes not to reduce the debt, but rather to spend that tax hike money on boondoggle projects.
This nearly 3 percentage point increase in the top personal rate is not only a hike in the top bracket levy, but it's also a direct tax increase on small and mid-sized businesses.
Hiking the top tax rate is a small business tax increase.
This higher tax home pay is a down payment on a lower tax liability.
As a result, jobs and capital were fleeing America for more normal tax rates that could be found in tax havens like France and China.
Americans for Tax Reform keeps a running list of tax cut bonuses, raises, 401(k) match increases, and other benefits companies are passing along to workers as a result of this tax cut.
https://www.forbes.com/sites/ryanellis/2018/03/09/democrats-release-tax-hike-plan/#44b8a63e7b9e
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