Economists Warn of 70% Tax Rate For Some Thanks to Biden

Western Journal

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If the United States doesn’t implode from mass illegal immigration or media-stoked race wars, the crushing tax burden from President Joe Biden and other Democrats could deliver the death blow.

The Biden administration is preparing to raise taxes on “high-income earners,” which it defines as Americans making $400,000 a year or more.

However, critics warn that the Democrats’ tax hikes would have a catastrophic impact on lower-income people as well.

If Democrats get their way, millions of Americans should “get ready for 70% tax rates,” according to the Committee to Unleash Prosperity, an economic advocacy group.