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New tax hikes to pay for their $3.5 trillion bill: Here are the details

serfserf Member Posts: 9,217 ✭✭✭✭

By Golly George ! It's time to tax the rich and feed the poor! I would imagine inflation will be a double whammy with raising taxes and going into debt all at the same time herein America! Mark my words they will never pay down the deficit in a hundred years, there will be a default one way or another.

serf

https://www.cnbc.com/2021/09/13/house-democrats-propose-tax-increases-in-3point5-trillion-budget-bill.html

The party will need votes from every member of the Senate Democratic caucus and all but three House Democrats. Senate Majority Leader Chuck Schumer, D-N.Y., and House Speaker Nancy Pelosi, D-Calif., aim to pass the legislation through the budget reconciliation process without Republican support.

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