Analysis: Democrats Say They’re ‘Taxing The Rich,’ But They’re Actually Crushing Small Businesses

According to a new analysis, Democratic lawmakers’ newest tax hike will severely impact small businesses.

The potential $2.9 trillion in new taxes follows a separate Democratic attempt to pass a $3.5 trillion social welfare agenda — without any support from Republican colleagues. Among other items, the revenue proposal suggests raising the income tax, the corporate tax, and the investment tax, as well as creating an additional surtax on wealthy Americans.