A recent analysis found that Americans’ tax expenses for last year were larger than their combined spending on healthcare, food, entertainment, and clothing — combined.
Nevertheless, Democrats in Congress are attempting to pass a $2.9 trillion tax hike. The legislation would raise the income tax, the corporate tax, the capital gains tax, and the estate tax.
Democrats are marketing the legislation as a tool to “tax the rich” — while leaving the pocketbooks of working-class Americans unscathed. As President Biden argued: “I’m not out to punish anyone. I’m a capitalist. If you can make a million or a billion dollars, that’s great. God bless you. All I’m asking is you pay your fair share. Pay your fair share just like middle-class folks do. But that isn’t happening