Shapiro At 'Newsweek': Democrats Are In Love With The Idea Of Taxing The Rich

Win McNamee/Getty Images
 

It’s frequently stated that the Republican Party has a lot of ideas but only one common priority: lowering taxes. Their legislative record tends to back this depressing assessment–after two years of complete control of Congress and the White House, their main legislative achievement was yet another tax cut. As a fan of tax cuts, I admire that achievement. But the same GOP that promised to defund Planned Parenthood, radically increase border security, remove the regulatory burdens of Obamacare and reform the welfare state hasn’t done much of any that.

 

If the GOP’s point of commonality is its willingness to cut taxes, the Democratic Party presents the mirror image: a group of disparate interests that coincide only on the topic of raising taxes. Thus, newly-empowered Congressional Democrats have begun competing with one another to promise higher and higher tax rates. Rep. Alexandria Ocasio-Cortez (D-NY), she of the Fresh Face™ and charming social media, has proposed a top tax rate of 70 percent for those earning over $10 million. Senator Elizabeth Warren (D-MA), who is running for president, has approvingly stated that the top tax rate should be above 50 percent, although she says that 90 percent would be “shockingly high.” Former Housing and Urban Development Secretary Julian Castro, who also wants to run for president, has echoed those words.

 

Democrats, in other words, are in love with the idea of a tax increase.

Read the rest here.

 

What's Your Reaction?