Thread: Recalls Begin
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Old 03-25-2021 | 09:04 PM
  #37  
SimMonkey
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Originally Posted by dba74
When the Fed raises interest rates, that is a good sign for the economy in general; increased taxes on individuals will not occur unless you make more than $400,000 / yr, which the vast majority of Americans do not. Corporate interest rates might go up a little bit (if filibuster is reformed), but this is not a significant problem for the economy, especially considering how much the debt and deficit went up in large part due to the rates being lowered so dramatically, so abruptly.
I wrote a nice long educational reply for you. Unfortunately I timed out and lost everything. Not worth my time to rewrite it. I will say this: If you think only individuals who make more than 400k will see an increase in taxes, I have a bridge to sell you. Also, corporate taxes increasing 33% is bad twice over for the economy.
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