The economy is in a "strong recovery" from the pandemic shutdown, but the Biden administration wants to throw a "wet blanket" on a hot economy with proposed tax hikes, says former Trump economic adviser Stephen Moore.
"You have to go back to the '70s to remember when tax rates would be as high as they'd be under the Biden plan," Moore said Sunday during an appearance on "The Cats Roundtable" on WABC 770 AM-N.Y.
"We're talking about higher taxes on capital gains income. We’re talking about higher small business taxes. We're talking about our corporate rate going up to one of the highest rates in the world. There is also an increase in the death tax. There is talk of a wealth tax.
"I think this is throwing a wet blanket on a hot economy."-- excerpt, rest at link above --
"I wish it need not have happened in my time," said Frodo.
"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
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Stephen Moore: Biden Tax Hikes A 'Wet Blanket' on Economy
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Mon Mar 22, 2021 10:36 am
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