Yesterday, West Virginia senator Joe Manchin went on the Kudlow show on Fox Business and talked a lot of economic sense. He thinks the budget is out of control and that the Build Back Better $5 trillion spending plan is a fool’s errand. Then he said that we have to go all in on American energy and we need work requirements for all welfare programs.
Three for three, Senator.
But he still worries us on taxes. He told Politico that he opposed the Trump tax cuts and might go for a tax rate increase to make the system “more progressive.”
MORE progressive? The United States income tax has never been more progressive than it is today. The top 1% pay 40% of all income taxes. The richest one out of 100 pay more income tax than the bottom 90 out of 100.