The Biden tax program is to economics as the Biden green energy program is to science. by Richard Schulman The Biden tax programs can’t pay off the huge debt the administration is incurring. Corporate investment will suffer, as will workers’ income. The Biden administration’s American Jobs Plan (AJP) introduces multiple important changes to the US […]
Progressives’ taxes mix bad economics with envy
by Richard Schulman Progressives are proposing four new taxes to finance their costly spending plans and to supposedly reduce inequality: A wealth tax (Senator Elizabeth Warren [D-MA]); An accelerated (Senator Ron Wyden [D-OR] or increased (former Vice-President Joe Biden) capital gains tax; A financial transaction tax (Representative Peter DeFazio [D-OR] and Senator Brian Schatz [D-HI]); […]
