Businesses will pass their tax increases onto all of us.
All price increases are passed on to the consumer (inflation), whether it’s increased tax or from higher fuel costs. Tax increases as bad as they are, do not nearly have the psychological or impacting affect inflation does, especially on the lower and middle class.
The economic policies of Ronald Reagan threw the economic balance out of wack and most are playing catch up ever since. It ended the stay at home mom era and created a “me generation” that’s first and foremost thought is “wealth creation.”