What the Biden administration needs to do is decrease its spending and pull money out the economy, so that inflation can be curtailed.
But instead of decreasing government spending, Biden is hell-bent on making American taxpayers bear the burden of his progressive policies.
Inevitably, raising wealth and corporate taxes will be detrimental to growth. Increasing tax rates will cause corporations to invest elsewhere and strike a blow to the American economy.
In this instance, the government needs to do less, not more. We need to decrease government spending, not increase it.
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