Conservatives have warned for a long time that a Joe Biden administration would be eminently destructive to America’s economic recovery. Now, unfortunately, it seems as if our fears have finally been realized.
Not only has President Joe Biden threatened to eliminate former President Donald Trump’s signature Tax Cuts and Jobs Act of 2017 — which a National Association of Manufacturers (NAM) news release found significantly increased manufacturing jobs, wages, spending and output by the end of its first year in place — but Biden has also pledged to bump corporate taxes up to 28 percent.
In addition, Biden is committed to increasing marginal tax rates, removing the 20 percent pass-through deduction and much, much more. All of this would be a betrayal to the American people who have suffered so much in the past year — a position shared by leading political figures.
The Biden plan to raise taxes on