On Saturday morning, Stephen Moore, a senior economic adviser under former President Donald Trump, told Newsmax that if President Joe Biden’s tax plan is implemented, taxes on businesses in the United States would be higher than in Russia and China.
Biden, Moore told “America Right Now,” wants to “move those tax rates right back up to the highest in the world.”
“So just a statistic that I was looking up yesterday: If we did the Biden tax plan, … the United States of America — the land of the free — would have a higher tax rate on our businesses than Russia and China. I mean, what’s wrong with that picture?” Moore asked. “How can we compete with taxes that high? It doesn’t work.”
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