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If you are on the fence and looking for a deciding factor to vote Republican in the upcoming election, wait until you hear what Rep. Richard Neal (D-MA) just let slip out.
Neal, the House Ways and Means Committee chair, got caught being a little loose-lipped this week.
He revealed that if Democrats hold the House and Senate, everyone can expect some tax increases next year.
Crush the Working Class
One of the significant differences between the two parties is the understanding of how taxing works.
Democrats, for whatever reason, do not believe heavy taxes on corporations trickle down to the working class.
History has taught us that when you hit major corporations with excessive taxes, they cut jobs and raise prices.
So, while middle-class tax rates may not go up, they are the people that eventually pay the price.
We are all about to feel that crunch once the impact of the Democrat-backed Inflation Reduction Act goes into effect.
Neal, however, said there is more of that to come next year if Democrats manage to hang on to power.
Neal wants to raise corporate taxes even more, while also increasing individual income tax rates in 2023.
Of course, that all depends on Dems staying in power.
So, as I said, if you are on the bubble, that should all but make up your mind for who to pull the handle for in November.
Source: Fox News
