Viewpoints: Where Democrats stand on tax increases

[Yo_Mama_Been_Loggin]

By Steven Pressman / For The Conversation

It’s hardly surprising that if a Democrat wins the White House, taxes on wealthy Americans and corporations will probably go up. How they’ll go up is the more interesting question.

The 2020 Democratic presidential candidates generally agree the U.S. economy faces a variety of challenges: record-high income inequality, decaying infrastructure, failing public schools, climate change that is already leading to fires and floods and a lack of health insurance for millions of Americans, to name a few.

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Here is a brief look at the tax plans of the top eight candidates in the polls and what economists like me think about them.

Individual income taxes: President Trump’s 2017 tax reform law reduced the top individual income tax rate from 39.6 percent to 37 percent. Every Democratic candidate running to replace Trump agrees that it should be raised. Most suggest returning it to 39.6 percent; a few think it should go higher.

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https://www.heraldnet.com/opinion/viewpoints-where-democrats-stand-on-tax-increases/?utm_source=DAILY+HERALD&utm_campaign=18b3eb87b6-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-18b3eb87b6-228635337

[Pantagruel]

1. Stop talking about raising taxes

that's not how to win elections.The GOP doesn't campaign by stressing their distasteful practices and it helps them win.Just hint that we'll lower deficits by enhancing revenue. Focus on improved tax collection of money going unpaid.Focus on raising wages so everyone makes more and more taxes get collected. But don't tell them we'll also have to raise taxes on the big earners because that message will hurt us at the polls regardless that it's inevitable.

[Ptah]

2. Do you know that there is a forum for Democratic candidates?