STUART VARNEY (HOST): Here we go again, another tax hike proposal from the Democrats. Congressman John Larson chairs the Social Security subcommittee in the House and he wants to raise Social Security taxes. The hike is aimed at the rich, or who the left defines as the rich. Any kind of tax you pay, the Democrats want to raise it. Here's a short list. Senator Sanders, Bernie Sanders, he wants a death tax hike, and a big one. Try to leave a couple of million for the grandkids, and Bernie will take 45 percent -- ah, those filthy rich grandparents. Alexandria Ocasio-Cortez, who seems to be the new Democrat party leader would double the top tax rate on income, on income. Presidential candidate Julian Castro is on board with that as well. So, Social Security taxes up, estate taxes up, income taxes up -- oh and here's a new one, Senator Warren wants a wealth tax. The Democrats' 2020 campaign is an endless series of tax hikes, massive tax hikes with massive new spending. Tax-and-spend on steroids.
Should we step back a moment? Look at economy right now, after big tax cuts. The rate of growth has doubled, the job market is as strong as it's been in a generation. Inflation isn't a problem. Interest rates remain low. Oh, and wages, they're rising at the best rate in a decade. And the Democrats just can't stand it. A, they hate Trump and can't tolerate any success, even prosperity is bad if it's President Trump that engineered it. And B, they resent wealth. And if you've got it, they want it. And they think that taking it off you brings them votes. We've seen this pattern in previous elections, but never have we seen such massive tax hike proposals, precisely at the time when tax cuts are working so well.
