Congressional Democrats’ proposed tax hikes, which are endorsed by the Biden administration, will violate the White House’s promises to spare Americans who make less than $400,000 annually from any tax increases.
President Joe Biden and the White House are framing the Democrat-led tax increases as a “historic middle-class tax cut,” but their promises to put the dollar burden on just the “wealthy and large corporations” are false.
Let me be clear: The wealthy don’t need another tax cut, the middle class does. The hardworking Americans who get up every day and make this country run.
We’re going to pass a historic middle class tax cut — paid for by making those at the top pay their fair share.
— President Biden (@POTUS) September 15, 2021
The fact is a firefighter shouldn’t pay more in taxes than an entire tech company.
A teacher shouldn’t pay more in taxes than an oil company.
We’re going to cut taxes for the middle class by ensuring the wealthy and large corporations pay their fair share.
— President Biden (@POTUS) September 13, 2021
It’s time the super-wealthy and big corporations pay their fair share in taxes.
— President Biden (@POTUS) September 14, 2021
New data from the Joint Committee on Taxation shows that the Democrats’ $3.5 trillion spending bill would raise taxes for middle-class Americans in less than six years. By 2027, Americans making as little as $30,000 a year would be subject to tax hikes. In 2031, these increases are designed to climb even more for Americans making $50,000 or more annually. Millions of businesses will also be affected by these increases.
It’s a plan that Biden and his team appear to endorse but one that clearly violates their promises on the campaign trail and from the Oval Office that normal Americans would be spared from paying more money to the government.
“The President remains committed to his pledge from the campaign that nobody making under $400,000 a year will have their taxes increased,” White House press secretary Jen Psaki repeated in March. Later, she qualified her statement by claiming that only families would be spared by the $400,000 limit and that any married individuals who bring in $200,000 or more each could be affected by the hike.
“If you make less than $400,000 per year, I’ll never raise your taxes one penny. But if you’re at the very top, it’s time to pay your fair share. We need to reward work in this country — not just wealth,” the president’s Twitter account stated.
The White House’s official Instagram account posted the same quote days later and claimed, “The Build Back Better Agenda is a historic tax cut for the middle class – paid for by making sure the wealthy pay their fair share.”
Republicans called out the Biden administration for misleading Americans with enticing rhetoric and said that climbing taxes will “absolutely bankrupt America for future generations.”
Joe Biden and House Democrats’ are attempting to ram through the LARGEST spending bill and LARGEST tax increase in our nation’s history.
It will absolutely bankrupt America for future generations.
— Elise Stefanik (@EliseStefanik) September 15, 2021
If you think you’ve got a case of the Mondays now, wait til you see how much the Democrats are trying to raise your taxes.
— Senator Rand Paul (@RandPaul) September 13, 2021
“Democrats have already broken their promise not to raise taxes on anyone making less than $400,000 per year. Whether it’s higher prices or higher taxes, Democrats are taking a sledgehammer to Americans’ paychecks,” National Republican Congressional Committee Spokesman Mike Berg said in a statement.