Biden’s tax proposals, in the $3.5 trillion reconciliation bill, will stagnate the economy
4 min readOct 23, 2021
Higher taxes on those that create new capital, will slow economic growth and lead to more inflation.
President Biden continues to say that his $3.5 trillion spending package will add zero to the deficit. He says he will pay for the spending by taxing the rich, which means he plans to raise taxes on that group by…