WATCH: CATO Tax Expert DEBUNKS ProPublica Argument That Wealthy Don t Pay Fair Share of Taxes newsbusters.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbusters.org Daily Mail and Mail on Sunday newspapers.
New York Times “The Morning” newsletter
writer David Leonhardt claimed President Joe Biden’s massive tax hike proposal was not “radical.” One economist was having none of it.
Leonhardt panned outcries from detractors against Biden’s tax increases like the Tax Foundation as allegedly obscuring “a basic fact about Biden’s tax plan: It would not actually raise tax rates on the rich to high levels, historically speaking.” He pivoted off of an opaque analysis on historical tax rates by University of California Berkeley associate professor of economics Gabriel Zucman to claim Biden’s plan was “not radical. For that reason, it is highly unlikely to have the harmful effects on economic growth that its critics are claiming.” CATO Director of Tax Policy Studies Chris Edwards, when reached for comment, suggested Leonhardt was “misleading” his readers.
EXCLUSIVE: Pro-Market Economist RIPS Krugman Claim That Too Much Choice Is Hurting America newsbusters.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbusters.org Daily Mail and Mail on Sunday newspapers.