Euros & Dollars: Joe Biden’s Greedy Marxist Tax Hikes
26th April 2024
Three times in the past 40 years have Republican presidents signed tax reforms into law. Contrary to what the Left likes to tell us, these reforms have reduced the tax burden on all Americans, which is the reason why no Democrat president has dared to fully reverse the Republican tax cuts.
That may end if Joe Biden is re-elected. In his recently released budget for the 2025 fiscal year, the president calls for substantial tax increases on both corporations and individuals. The Tax Foundation, a relatively neutral think tank in Washington, DC, has compiled the tax hikes and analyzed their macroeconomic effects.