ThinkCivics News
Join ThinkCivics+
  • Culture & Society
  • Economy
  • Health
  • US News
  • Faith
  • Science & Tech
  • World News
No Result
View All Result
ThinkCivics News
  • Culture & Society
  • Economy
  • Health
  • US News
  • Faith
  • Science & Tech
  • World News
Join ThinkCivics+
No Result
View All Result
ThinkCivics News
Join TC+
Home Culture & Society Education

Taxing the Rich Isn’t Enough to Pay for Democrats’ Welfare State. They’ll Need To Soak the Middle Class Too.

Reason.com by Reason.com
September 16, 2021
in Education
Reading Time: 1 min read
0
0
Taxing the Rich Isn’t Enough to Pay for Democrats’ Welfare State. They’ll Need To Soak the Middle Class Too.

Democrats are ready to raise taxes. They want more revenue, in part to fund an out-of-this-world amount of new spending. Some simply want to soak the rich, as Rep. Alexandria Ocasio-Cortez (D–N.Y.) plainly signaled at the Met Gala by wearing a white dress with “TAX THE RICH” scrawled across it in red paint. While the public may be more receptive to the idea because of concerns over high budget deficits, let’s not be naive—many voters believe that these tax hikes won’t hit them. There’s so much wrong about this assumption.

Writing for The Dispatch, the Manhattan Institute’s Brian Riedl documents President Joe Biden’s spending plan, which would expand federal government spending by $11 trillion over the next decade. This spending would help fund a cradle-to-grave new world in which government is omnipresent in our lives. The spending would increase family assistance by $550 billion. Another $700 billion would be wasted on counterproductive “Buy America” provisions. Expansion of the Affordable Care Act would cost another $1.4 trillion; some $2 trillion would go to a Green New Deal; K-12 schools would get more money. All of this is on top of the $6.6 trillion spent on COVID-19 relief.

Biden would partially pay for this $11 trillion with $3.6 trillion from higher taxes. As Riedl explains, “it would represent the largest permanent tax increase since World War II.” Even if the president got the revenue he hopes to collect with these tax hikes—which won’t happen once people start moving their capital around to avoid the oppressive tax burden—it would only cover a third of the new spending. Meanwhile, the House Democrats have their own $2.2 trillion tax plan, which covers even less of the new spending.

This article was originally published on Reason.com. Read the full article.

Reason.com

Reason is the nation’s leading libertarian magazine. They produce hard-hitting independent journalism on civil liberties, politics, technology, culture, policy, and commerce.

reason.com/
Tags: Affordable Care ActBudget DeficitcoronavirusDemocratic partyDonald TrumpeducationFamily IssuesGeorge W. BushGovernment spendingGreen New DealHealth CareIncome TaxJoe BidenMiddle ClassRepublican partytaxes
<

Related Posts

Nonprofit organization exposed for  secretly pushing gender ideology on your young children: report

Nonprofit organization exposed for secretly pushing gender ideology on your young children: report

August 11, 2022
Teachers Union President Randi Weingarten Claims Conservatives The Enemy Of Educators

Teachers Union President Randi Weingarten Claims Conservatives The Enemy Of Educators

August 10, 2022

Watch: School board member admits to there being a ‘woke’ sleeper cell working with school districts

August 8, 2022

Watch: Middle schooler trolls teacher with “banana” and “rock” pronouns, short-circuits her brainwashed mind

August 4, 2022
Load More
Next Post
Trump and Stone call Saturday’s ‘Justice for J6’ rally a ‘setup’

Trump and Stone call Saturday's 'Justice for J6' rally a 'setup'

Democrats Detail $105 Billion For Illegal Immigrants In Reconciliation Bill That Includes Amnesty

Democrats Detail $105 Billion For Illegal Immigrants In Reconciliation Bill That Includes Amnesty

Drone Footage Emerges Showing Thousands of Migrants Under a Bridge in Texas

Drone Footage Emerges Showing Thousands of Migrants Under a Bridge in Texas

TODAY'S TOP STORIES

  • CDC Admits Scary Truths About Vaccine

    CDC Admits Scary Truths About Vaccine

    3 shares
    Share 0 Tweet 0
  • Doorbell camera catches deliveryman’s unfiltered response to an Anti-Biden doormat and it’s perfect

    0 shares
    Share 0 Tweet 0
  • New Details About the Mar-a-Lago Raid Are Truly Stunning, If True

    0 shares
    Share 0 Tweet 0
  • LEAKED: Items Taken in Trump Raid Revealed

    0 shares
    Share 0 Tweet 0
  • ‘Get her!’: Woman brings traffic to a halt starting a fight, then tries running away before eating pavement

    0 shares
    Share 0 Tweet 0

‘Preserve Your Documents’: McCarthy Threatens AG Merrick Garland With Investigation After FBI Raid Of Trump’s Home

by The Political Insider
August 10, 2022
0
‘Preserve Your Documents’: McCarthy Threatens AG Merrick Garland With Investigation After FBI Raid Of Trump’s Home
National Security

House Minority Leader Kevin McCarthy, expressing frustration with yesterday’s FBI raid of former President Donald Trump’s Mar-a-Lago home, sent a...

Read more

‘Civil War’ trending on Twitter after FBI raids Trump’s Mar-A-Lago

by ThinkCivics Newswire
August 9, 2022
0
National Security

FBI agents raided former President Donald Trump’s Mar-A-Lago club in Palm Beach, Fla. on Monday night. Among the wide ranging reactions from...

Read more

‘Some Third World Bulls***’ – Dan Bongino Goes Ballistic On Fox News Over FBI Raid of Trump’s Home

by The Political Insider
August 9, 2022
0
‘Some Third World Bulls***’ – Dan Bongino Goes Ballistic On Fox News Over FBI Raid of Trump’s Home
National Security

Fox News weekend host Dan Bongino, a former Secret Service agent, unleashed his anger over the FBI raid of former...

Read more

‘What Are Y’all Doing?’: Cruz Scorches FBI Director for Targeting Patriotic Symbols

by ThinkCivics Newswire
August 4, 2022
0
‘What Are Y’all Doing?’: Cruz Scorches FBI Director for Targeting Patriotic Symbols
National Security

In Thursday's Senate Judiciary Committee hearing with FBI Director Christopher Wray, Texas Republican Senator Ted Cruz took Wray to task...

Read more
These Are The Most (And Least) Livable Cities In The World
Economy

These Are The Most (And Least) Livable Cities In The World

by Zero Hedge
August 12, 2022
0

Pandemic restrictions changed the livability of many urban centers worldwide as cultural sites were shuttered, restaurant dining was restricted, and...

Read more
Joe Biden Accidentally Stumbles Upon the Truth About the ‘Inflation Reduction Act’
Economy

Joe Biden Accidentally Stumbles Upon the Truth About the ‘Inflation Reduction Act’

by RedState
August 10, 2022
0

Perhaps because they know kitchen table issues like the economy and inflation are typically the top priorities for voters come...

Read more
The 50 Most Radical Policies In ‘Inflation Reduction’ Act
Economy

The 50 Most Radical Policies In ‘Inflation Reduction’ Act

by ThinkCivics News Staff
August 8, 2022
0

Rep. Jim Banks (R-IN) has laid out the 50 most radical policies in the Inflation Reduction Act. Banks, the chairman...

Read more
Here’s the Truth About What ‘Inflation Reduction Act’ Will Do
Economy

Here’s the Truth About What ‘Inflation Reduction Act’ Will Do

by The Daily Signal
August 7, 2022
0

As Senate Democrats achieve their goal of jamming  through the so-called Inflation Reduction Act, reality is becoming clear: The bill...

Read more
Facebook Twitter RSS

Brilliantly

SAFE!

thinkcivics.com

Content & Links

Verified by Sur.ly

2022

Recent News

  • These Are The Most (And Least) Livable Cities In The World
  • World Economic Forum Calls For Merging Of Human And AI Intel To Censor “Hate Speech” & “Misinformation”
  • ‘You done lost your mind’: Porch pirate learns what happens when you try stealing from a gun owner

Category

  • Culture & Society
  • Economy
  • Editorials
  • Education
  • Elections
  • Energy
  • Environment
  • Faith
  • Health
  • Immigration
  • Military
  • National Security
  • Politics
  • Science & Tech
  • US News
  • Videos
  • World News

© 2022 ThinkCivics Media. All Rights Reserved.

  • Login
  • Sign Up
  • Cart
No Result
View All Result
  • Home
  • About
  • Store
  • Contact Us
  • Join
  • Contribute

© 2022 ThinkCivics Media. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.