JFK had to convince Democrats back in 1963 that raising taxes was the wrong thing to do by giving the example of the British Government cutting taxes and improving their economy. The very interesting interview with news anchors with JFK back in September of 1963. If only President Biden would follow the advice of JFK. I expect a large increase in income tax as well as a job-killing carbon tax. Canada is 5 years ahead of the USA and I expect gasoline to go up about $2.40 a gallon. Carbon taxes also affect Diesel, Natural Gas and electricity raising prices on EVERYTHING. Not all provinces get a carbon Tax rebate ( British Columbia rips off their constituents and gives nothing back) and I don't think you will get a rebate in the USA.
JFK knew economics 101. Many today do not follow economic theory even though it's been around for Centuries.
I am sure many people here are business degree graduates or have taken pre-business courses in the community college. For those of you who haven't, you hear about it all the time on financial news shows.