By: (What’s Left of) Our Economy: Why the “Tariffs are Taxes” Claim is Laughable | RealityChek

Mon, 20 Oct 2025 18:12:07 +0000

[…] Which is more than a little bit rich given that the modern Democratic Party has hardly been allergic to raising taxes on business. Notably, last year, its standard bearer Harris endorsed raising the corporate tax rate from 21 percent to 28 percent – as did Biden. And although she proposed various tax breaks for small businesses, her support for higher taxes on the rich and for a big boost in the estate tax, would have negated many of those breaks for the aforementioned pass-through corporations and for the many small, family-held companies that use lower estate taxes to prevent the break up and often demise of their businesses. (See here and here.) […]

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By: (What’s Left of) Our Economy: Why the “Tariffs are Taxes” Claim is Laughable | RealityChek