What’s Happening:
Joe Biden promised during the election that he would not raise taxes on anyone making less than $400,000 a year.
His previously “Build Back Better” spending plan did in fact raise taxes on everyone, though he tried to deny it.
Now, with Joe Manchin’s support, Biden is poised on pushing a new tax and spending bill. And guess what? It will raise taxes on just about everyone.
From Twitter:
Biden promised no tax hikes if you make less than $400K per year
The “Inflation Reduction Act” raises taxes for everyone making over $30K per year pic.twitter.com/4D4gwsqjdu
— John Hasson (@SonofHas) July 30, 2022
Biden promised no tax hikes if you make less than $400K per year
The “Inflation Reduction Act” raises taxes for everyone making over $30K per year
Higher, higher, higher—and that’s without the likelihood of further inflation.
According to those who looked into the new legislation, Biden will raise taxes on people earning $30,000 a year or more.
That breaks his promise that only those making more than $400,000 a year will see their taxes go up.
For starters, we should have known he wasn’t being truthful. Everyone who paid taxes last year saw them go up—even without a new tax bill.
Now, they will go up even more thanks to Democrats’ obsession with spending our money.
Some non-partisan groups looked at the new bill and revealed even people earning $10,000 a year will see their taxes go up.
This, while Americans are watching the cost of everything go up thanks to inflation. Biden’s reckless leadership has resulted in some of the worst inflation we’ve seen in decades.
His energy policies caused gas prices to skyrocket. That made everything else get much, much expensive.
From rent to clothing to food to water, the price of everything continues to rise.
And now, Biden wants to take even more money out of our pockets—yet claims he isn’t.
Who does he think he’s fooling?
Key Takeaways:
- Biden has gone back on his promise to not raise taxes on Americans earning less than $400k.
- The new spending bill will raise taxes on at least Americans earning $30k or more.
- This comes as Biden’s inflation amounted to a pay cut for most working Americans.
Source: Twitter
