How do you figure that families making under 400k a year won't see a tax increase???
I'd really like to know how you came to that conclusion. And don't tell me it's because, "That's what Biden says", or "Because CNN told me so". LOL!
Have you even studied Fuhrer Biden's tax plan?
The "centerpiece" of his plan is to repeal the Tax Cuts and Jobs Act that President Trump passed during his time in office.
The primary effect of the
TCJA was to reduce taxes for Americans in the bottom 80 percent of the income distribution. Put another way,
the top 20 percent of earners were the only ones who did not get a tax cut under the TCJA.
Americans earning between about $40,000 and $80,000 per year benefited most from the TCJA, and millions of others at the lowest income levels were taken off the tax rolls altogether.
President Biden, along with House and Senate Democrats, have pledged to reverse all that.
Let's see some statements that have been made about the tax hikes:
-Biden Commerce Secretary nominee Gina Raimondo admitted Democrats will have to raise taxes on all Americans, including the middle and lower class, in order to pay for President Biden's "climate" agenda.
-in 2007, the nonpartisan Congressional Budget Office determined that workers pay more than 70% of the cost of corporate taxes. <--In other words, if you raise the corporate tax rate, you're technically making the middle class worker pay for that increase. - Basic Economics.
-The Tax Foundation - estimates that Biden’s corporate tax hike would slash 159,000 jobs and that an average 0.7% wage reduction would harm the bottom quintile of workers, who would see a 1.45% decrease in after-tax income
-"...it’s simple, if the corporate tax goes up, the selling price to the consumer goes up, too." <--Economics 101
And the biggest admission comes from Sleepy Joe himself!
-Biden during the debate with Trump - “That’s why I’m going to eliminate the Trump tax cuts”, and then, to accentuate the point, he said it again, “I’m going to eliminate those tax cuts.”
If you ELIMINATE something that REDUCED middle class taxes, then you are RAISING taxes on the middle class! Doesn't take a fuckin' genius to know this.
So, Once again, explain to me how you figured that Middle Class Americans won't be affected by Biden's tax hike plan?
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