Sometimes we are asked: is Biden intentionally trying to destroy the economy? We have always said no, but how do you explain this?
Ergo: Biden would raise the tax above the rate that even the liberal Joint Tax Committee calculates collects the most revenue. In other words, Biden’s plan discourages the buying and selling of stock and hurts the economy so much it LOSES revenue. Ingenious! The Tax Foundation estimates $124 billion lower tax receipts.