Tax Increases: Wrong Medicine for the Economy

Tax Increases: Wrong Medicine for the Economy
AP Photo/Jon Elswick
America's economy was in high gear prior to the pandemic. Our country's gross domestic product grew 4.1% in 2019 after increasing 5.4% in 2018. Unemployment reached a 50-year low of 3.5%, and 6 million new jobs created historically low unemployment levels across all demographic groups. Business optimism was at record highs, and workers saw their wages increase by their highest levels in 10 years.
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