Dems Lawmaker Guarantees Higher Taxes For All After Election

WASHINGTON, DC - APRIL 15: The Internal Revenue Service (IRS) building stands on April 15, 2019 in Washington, DC. April 15 is the deadline in the United States for residents to file their income tax returns. (Photo by Zach Gibson/Getty Images)

At a glance

  • Democrat Rep. Richard Neal of Massachusetts reportedly pledged to hike taxes, according to Bloomberg.
  • Individual and corporate taxes would rise again in the midst of recession and 40-year-high inflation.
  • Senate Dems voted Sunday to enact a tax hike on companies making at least $1B in revenue.

 

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