Why Raising The Top Tax Rate Is A Recipe For Economic Decline

President Trump is apparently pushing for a higher tax rate. That’s a nonstarter.

The tax regime that President Trump put into place in his first term, his tax cuts, were a boon to the economy. They actually disproportionately benefited people who were middle and lower class. Revising the tax regime to pay for more loopholes and tax breaks in particular areas by increasing taxes on the highest income earners will sink investment capital. That’s what it does.