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Is Joe Biden trying to make America poor again? spectator.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spectator.co.uk Daily Mail and Mail on Sunday newspapers.
Print this article Joe Biden was elected on promises of moderation and “unity,” but he has wasted no time early in his presidency advancing multiple huge tax hikes. The latest example is the White House’s plan almost to Economists warn this hike would hurt the economy and reduce investment in small businesses. But economic downsides from taxation are nothing new. What differentiates Biden’s latest tax push is that it would punish investors Here’s why: Past a certain point, higher tax rates don’t necessarily guarantee more total tax revenue because peoples’ behavior changes in response. For example, a 10% income tax will always raise more revenue than a 100% income tax because no one would work if they had to give up their entire paycheck to Uncle Sam. ....
By Joe DePaoloApr 7th, 2021, 9:43 am Photo by ALEX EDELMAN/AFP via Getty Images Despite getting booted from her committee assignments in the early part of 2021 (or perhaps, a cynic would argue, because she got expelled), Rep. Marjorie Taylor Greene (R-GA) reportedly brought in a massive fundraising haul during the first quarter of 2021. According to Politico citing a source from Greene’s campaign the first-term representative took in a whopping $3.2 million over the first three months of the year. And Greene was not carried by a few well-heeled fat cats. Politico reports that more than 100,000 individuals contributed during the quarter resulting in a ....