Mmastodon BusinessEconomy first seen 2 d ago, last 2 d ago, peak #1

Democrats clash over high tax rates and exemptions

Original: Sane # Democrats know a high # tax RATE actually STIMULATES the # economy by granting EXEMPTIONS in exchange for Raises,

A Democratic commentator argues that high tax rates stimulate the economy because they allow governments to grant exemptions in exchange for wage increases, job creation and investment, while unconditional tax cuts have proven an economic failure. The post criticises California Governor Gavin Newsom for allegedly not understanding this, calling him unqualified as a result.

Why now: It ties into ongoing debate within the Democratic Party over tax policy and Newsom's standing as a potential national candidate.

DemocratsGavin NewsomCalifornia

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Evidence

• Sane # Democrats know a high # tax RATE actually STIMULATES the # economy by granting EXEMPTIONS in exchange for Raises, Job Creation, and Investment. # TaxCuts in exchange for NOTHING has proven to be an economic loser. The fact # Newsom doesn't know this makes him unqualified… · MugsysRapSheet · 9

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