One simple fact proves the latest Biden tax hike is baseless class warfare

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Joe Biden was elect­ed on promis­es of mod­er­a­tion and “uni­ty,” but he has wast­ed no time ear­ly in his pres­i­den­cy advanc­ing mul­ti­ple huge tax hikes. The lat­est exam­ple is the White House’s plan almost to dou­ble the top cap­i­tal gains tax rate, the tax applied on invest­ment growth when assets are sold.
Econ­o­mists warn this hike would hurt the econ­o­my and reduce invest­ment in small busi­ness­es. But eco­nom­ic down­sides from tax­a­tion are noth­ing new. …

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