By Julia Limitone Published January 25, 2019 Taxes FOXBusiness Facebook Twitter Comments Print video Tax hikes on the wealthy remove incentives to innovate? Former Bain Capital Managing Director Ed Conard on politicians such as Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez calling for a marginal tax rate hike on the wealthy. Democrats Elizabeth Warren and Alexandria Ocasio-Cortez have proposed plans to increase tax rates for America’s top earners. However both ideas could ultimately “devastate” middle-class prosperity, according to former Bain Capital managing director Ed Conard. Continue Reading Below “I don’t think the Democrats care,” Conard told FOX Business’ Stuart Varney on Friday. “I think they care about taking that money to help the poor. I don’t think they care about generating middle-class prosperity.” MORE FROM FOX BUSINESS.COM SITE…. TAXING WEALTHY AMERICANS IMPEDES ECONOMIC GROWTH, RAISES DEFICIT: LARRY KUDLOW ELIZABETH WARREN PLANNING WEALTH TAX ON AMERICA’S RICH ALEXANDRIA OCASIO-CORTEZ ISN’T THE FUTURE OF THE DEMOCRATIC PARTY: JOE LIEBERMAN Massachusetts Democratic Sen. Elizabeth Warren contender for the 2020 presidential election, proposed a plan that would levy a 2 percent annual tax on Americans with a net worth over $50 million. The tax rate would also increase to 3 percent for those with assets valued at more than… Read full this story
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