Washington, D.C. – The company line from the White House is that only the mega-rich will bear the brunt of the President’s latest budget proposal. That’s a lie. Here are some highlights from a great Americans for Tax Reform breakdown:
- 11 tax hikes on the oil & gas industry at a time of record fuel prices.
- Raising the corporate tax to a higher rate than in communist China.
- Raising the top income bracket to nearly 40% – hurting small businesses.
- Doubling the capital gains rate and imposing a second death tax, hurting small businesses and family farms.
- Much, much more…
You can’t tax your way to prosperity. Many have tried; all have failed. At a time of tremendous international economic uncertainty, now is the worst time imaginable for trillions in new taxes on American businesses and individuals.
Do vulnerable Senators like Maggie Hassan, Mark Kelly, Catherine Cortez Masto, Raphael Warnock, and Michael Bennet support such a radical overhaul of the U.S. tax code as our nation continues to search for its economic footing?
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