The greedy Democrats' tax bill hits NY and California hard

 Daily Mail:

Top earning New Yorkers and Californians could face 60% combined tax rate, while the top rate of corporate tax would be raised to 26.5% - higher than communist China - under House Democrats' bill to fund $3.5trillion spending plans

Confiscatory taxation means those subject to the taxes will not be able to expand their businesses as much or create more jobs.  The government greed of the Democrats will be counterproductive.

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Is the F-35 obsolete?

Apple's huge investment in US including Texas facility