The Biden plan would raise taxes on businesses and individuals by between $2 trillion and $3 trillion over a decade, according to recent estimates by the Tax Policy Center and the American Enterprise Institute. According to the Tax Foundation, Biden’s plan would be the biggest tax increase since the late 1960s when the country was struggling to pay for the Vietnam War and Lyndon B. Johnson’s Great Society welfare programs.In other words, if the Democrats succeed in the Georgia Senate races, the country could face a blue tidal wave of tax hikes.
Source: Carney: Biden’s Massive Tax Hikes Inevitable if Democrats Win Georgia Senate Races
