J.D. FOSTER: Harris’ Middle-Class Tax Hike
© The Daily Caller
In Vice President Kamala Harris’ Bidenomics 2.0 program she talks about making corporations and the wealthy pay their “fair share” as part of her biggest-ever $5 trillion tax hike. She says she is all about the middle class, so why is she proposing a huge tax hike on America’s workers and consumers?
Few argue whether people should pay their “fair share” in taxes. The rub is that “fair share” is an entirely subjective judgment. What Harris means, is fair share in her opinion. Your opinion may differ. Her reference to fair share is yet another cotton candy phrase — looks tasty, but is messy and devoid of nutrition.
The federal individual income tax is already very progressive. According to the nonpartisan Tax Foundation, the top 1% of income earners paid 45.8% of federal individual income taxes in 2022 according to the latest data, and the top half of all earners paid 97.7%. Before she pushes these percentages higher, she owes the country an answer to the question – when is it enough?
https://www.msn.com/en-us/money/taxes/j-d-foster-harris-middle-class-tax-hike/ar-AA1rob1q?ocid=widgetonlockscreen&cvid=23d8273796904ba29e905bea77f7e5e9&ei=33
