Today is Tax Day, the deadline for filing taxes. But it’s just like every other day to Democrats, who wake up each morning wanting to raise taxes. This year, the party’s rhetoric has evolved slightly. They no longer try, as they used to, to convince voters they should be prepared to pay higher taxes to get more government services. Instead, they say their trillion-dollar spending plans can be financed by raising taxes on corporations and the wealthy. That is a whopping falsehood.
Stung by the popularity of President Donald Trump’s tax cuts, especially his “no tax on tips” policy, Sens. Cory Booker (D-NJ) and Chris Van Hollen (D-MD) have introduced tax plans that would cut taxes more for households making less than $75,000 a year and less than $80,500 a year, respectively. To offset lost revenue, they promise higher taxes on high-income earners and corporations.
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