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Progressives’ taxes mix bad economics with envy

August 31, 2019 by Richard Schulman 1 Comment

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]); […]

Filed Under: Taxation  Tagged: capital gains tax, gross receipts tax, Joe Biden, Sen. Elizabeth Warren, Sen. Ron Wyden, Wall Street Tax Act, wealth tax

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