Joe Biden repeatedly claimed that he would never raise taxes on the middle class if he won the White House, but his new “Build Back Better” budget bill turns him into a liar.
Biden held a big celebration this week when his Build Back Better budget bill passed the House of Representatives with the help of a handful of traitor Republicans. But after he was so happy, the left-leaning Tax Policy Center dug into the bill and found that it makes Biden into a liar.
“Taking into account all major tax provisions, roughly 20 percent to 30 percent of middle-income households would pay more in taxes in 2022,” the group said in its analysis. “Among those with a tax increase, low- and middle-income households would pay an additional $100 or less on average. Those making $200,000-$500,000 would pay an average of about $230 more.”
The group also noted that Biden’s budget does the Middle Class no real good at all.
“Despite what its promoters say, raising the cap to $80,000 would provide almost no benefit for middle-income households,” the analysis states.” It would reduce their 2021 taxes by an average of only $20. Even those making between $175,000 and $250,000 would get a tax cut of just over $400 or about 0.2 percent of after-tax income. By contrast, the higher SALT cap would boost after-tax incomes by 1.2 percent for those making between about $370,000 and $870,000 (the 95th to 99th percentile).”
Over and over again, Biden told America that he would not raise taxes on the Middle Class.
“Here’s the deal,” he said on September 3, 2020 (video below). “I pay for every single thing I’m proposing without raising your taxes one penny. If you make less than 400-grand you’re not going to get a penny tax.”
That was far from the only time…
Finally, the Democrats want to fool you into believing that “millionaires” will get a tax increase under the plan. But this isn’t exactly true. It is true that some millionaires will see a tax hike. But according to the analysis, two-thirds of millionaires will actually get a tax break. Only one third of millionaires will get the tax hike.
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