Democrats are pushing the biggest tax increase you’ve never heard of

By Joseph Semprevivo

Published March 15, 2019 4:05am ET

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Democrats are pushing the biggest tax increase you’ve never heard of — Rep. John Larson, D-Conn., joined by Rep. Earl Blumenauer, D-Ore., right, makes a point as the House Ways and Means Committee continues its debate over the Republican tax reform package, on Capitol Hill in Washington, Wednesday, Nov. 8, 2017. | (AP Photo/J. Scott Applewhite)

House Democrats are currently pushing the biggest tax increase that nobody’s heard of.

Rep. John Larson, D-Conn., along with more than 200 Democratic cosponsors, recently introduced the Social Security 2100 Act. The legislation would raise the effective payroll tax rate by 2.4 percentage points, split between employer and employee, to 14.8 percent. And this tax increase would apply to all earned income.

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