Dems Manage To Sneak $60 Billion in Tax Hikes Into COVID Economic Relief Bill

DM

The $1.9 trillion COVID relief bill has been called the most significant expansion of the welfare state since the Great Society. Also tucked within its 628 pages is another of the Democrats’ favorite policy agendas: new tax increases. Politico reported the approximately $60 billion in tax increases are directed at businesses and business owners, i.e. entities that create jobs and wealth rather than government dependence. The news outlet explained that the tax increases enabled the COVID-19 relief bill to be passed through the budget reconciliation process, thereby only requiring a majority vote in the Senate, bypassing a potential GOP filibuster. “The tax increases Democrats picked to help keep their plan’s cost in check had the political benefit of being arcane. Unlike things like raising the corporate tax rate or upping the top marginal tax rate on the rich, the ones they chose won’t produce many headlines,” according to Politico.

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