Biden Preps Massive Tax Increase

From the Wall Street Journal: Can we finally drop the pretense that any of this is moderate or unifying or bipartisan? Mr. Biden’s corporate tax increase alone is more than $1.5 trillion over 10 years, with another $1.5 trillion coming soon on individual income and investment. That’s about $300 billion a year, or 1.36% of GDP each year, assuming U.S. GDP of $22 trillion. Dan Clifton of Strategas Research Partners compares that to Bill Clinton’s 1993 tax increase of 0.4% of GDP, making the Biden increase the largest since 1968.