Prominent Democrats said six times that raising taxes during a recession was a bad idea, yet the Democrats are seeking to raise taxes on companies over the weekend.
While President Joe Biden’s economy entered a recession last month, he is pushing Congressional Democrats to ram through a reconciliation bill– so-called the “Inflation Reduction Act.” The bill imposes a minimum tax on corporations with over $1 billion in profits.
Democrats in the past have opposed raising taxes on corporations during a recession.
In 2009, then-President Barack Obama stated, “You don’t raise taxes in a recession… The last thing you want to do is to raise taxes in the middle of a recession.”
FLASHBACK — Barack Obama in 2010:
“You don’t raise