Biden's budget is a declaration of war on American businesses that will hit you hard
Fox News
President Joe Biden released his budget proposal on Thursday. The president's plan touches on economic, education, climate, and health care goals that extend over the next decade.
This plan isn’t just lousy economics, it is unpatriotic. It puts America last. Is this budget plan simply economic and financial illiteracy by the Biden clan, or is it some deliberate attempt by the progressives to drive the American economy to its knees as a way of atoning for our sins? Stephen Moore is a senior fellow at the Heritage Foundation and an economist with FreedomWorks. His latest book is "Govzilla: How the Relentless Growth of Government is Devouring our Economy."
The budget Biden proposes contains roughly $4 trillion in higher taxes over the next decade. He keeps saying that he just wants millionaires and billionaires to "pay their fair share," but this plan isn’t so much a punch in the nose to the wealthy (who already pay 42% of the income taxes) but to the nation’s small business owners and the shareholders of large and successful American companies.