A Reality Check for the Democrats on Taxation of Rich

With Congress continuing to debate the renewal of many key components of President Donald Trump’s 2017 Tax Cuts and Jobs Act, the stakes couldn’t be higher for ordinary Americans. The issue is whether we choose a path that incentivizes economic growth and mobility — or embrace one that punishes success. Democrats have wasted precious little time in racing to call for ever-higher tax rates for Americans — especially high-income earners. Most concerningly, there apparently have even been rumors of support for raising taxes on higher-income Americans from within GOP ranks.

 

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