In the history of mankind, many republics have risen, have flourished for a less or greater time, and then have fallen because their citizens lost the power of governing themselves and thereby of governing their state. TR

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Turns out the Biden spending bill does raise taxes on the middle class

A study by a nonpartisan group found that the $1.75 trillion social spending bill would raise taxes slightly. But the study could easily be underestimating things. The point is, President Biden has no idea if it will raise your taxes. But he is guaranteeing it won’t.

According to Fox News:

Provisions included in a draft version of President Biden’s social spending bill would violate his pledge that tax hikes will only affect Americans earning $400,000 or more, according to an analysis released Thursday by the nonpartisan Tax Policy Center.

“Taking into account all major tax provisions, roughly 20 percent to 30 percent of middle-income households would pay more in taxes in 2022,” according to the Tax Policy Center.

The think tank determined tax increases would be “very small,” with low- and middle-income households that were subject to a hike paying an additional $100 or less on average. Households earning between $200,000 and $500,000 would pay an average of approximately $230 more per year if the plan is implemented.

Even a small hike would contradict Biden’s oft-repeated claim that tax hikes implemented to cover the cost of his $1.75 trillion spending bill would only apply to the wealthiest Americans. Republicans and other critics of Biden’s signature legislation have long argued the middle class will see a tax hike if it is implemented.

2 thoughts on “Turns out the Biden spending bill does raise taxes on the middle class”

  1. I just want to say “thanks” to the traitorous Republicans who voted for this, you are complicit with the faux Biden Administration in killing the middle class! Future generations will be crippled economically because of this debt. I hope those 30 pieces of silver you received for your vote were worth it, may Karma come back and kick you all in the….! Let’s go Brandon!

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