Biden's tax plan proves 'The real president is Bernie Sanders and the VP is AOC': Varney

Fox Business' Stuart Varney discussed what fellow Fox Business host Larry Kudlow called President Biden's "confiscatory" tax plan, remarking that the oppressive taxation coming down the pike has essentially empowered the Democratic Party's socialist wing.

Biden, who ran as a moderate Delaware Democrat, defeated socialist-independent Vermont Sen. Bernie Sanders in the 2020 Democratic presidential primary, but the former's fiscal policy proposals in office seem to closely mirror the latter's politics, Varney said Tuesday on "Varney & Co."

During the program, Kudlow explained how Biden's proposed hike on capital gains taxes -- the taxes paid on profits from the sale of an investment; stocks, real estate, or otherwise -- is the "dumbest tax hike in history."