Every four years a Democrat runs for president on a platform that includes higher taxes for the wealthy. And every four years a group of people predicts that the sky will fall if those plans are implemented. Yet every time their plans have been implemented, the sky hasn’t fallen—if anything, economic growth and business investment have been stronger under Democratic than Republican presidents. Joe Biden’s proposals to raise taxes on households making more than $400,000 annually, and on corporations, are broadly consistent...

Source: Wall Street Journal October 05, 2020 22:52 UTC