Why Do Democrats Want Higher Taxes When Economy Is Still Weak?

Fri Apr 2, 2021 AT 10:13 AM EDT

President Joe Biden has vowed to impose $2 trillion in tax increases including a corporate income tax rate hike to 28% and a 21% “global minimum tax.” Democrats say that further tax increases, including doubling the capital gains tax, a second death tax, and income tax increases may be introduced in the coming weeks.

These same Democrats argue that the economy is still weak and that there is a long path back toward recovery. If this is true, why are they calling for one of the largest tax increases in history? Read Full Story

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