Expert: Biden’s Tax Hike ‘Would Destroy Economy’, by Chris Woodward

Msgr. Charles Pope: Why Did Jesus Die in His Thirties?
March 18, 2021
Child Suicide is Becoming an ‘International Epidemic’ Amid Restricted Pandemic Life, Doctors Warn, by Bradley Polumbo
March 18, 2021

By Chris Woodward, OneNewsNow, March 17, 2021

President Joe Biden is reportedly planning the first major tax hike in nearly three decades – a proposal one expert says couldn’t come at a worse time.

According to Bloomberg, under consideration are: increasing the corporate tax rate from 21% to 28%; expanding the estate tax; boosting the capital-gains tax rate; and increasing the income tax rate on individuals earning more than $400,000/year. Analysis indicates it would raise $2.1 trillion over ten years – and it’s viewed as an opportunity for the administration to fund key initiatives like infrastructure, climate change, and what Democrats contend are “inequities” in the tax system itself. …

Continue reading >>>