Democrats' deluded corporate tax hike plan

Senate Democrats are once again working on a tax increase bill. Senate Majority Leader Chuck Schumer is leading the way, making the absurd claim that the “only way to get rid of” the inflation he helped create is to raise tax rates.

Schumer and many others in Washington are still operating under the false notion that corporate taxes are at record low levels due to the 2017 GOP tax reforms. Treasury officials, who should know better, talk constantly about the shortfall in corporate revenues, and the media regularly report that taxes on corporations are historically low.