A New Analysis Just Debunked Biden’s No-Tax-Hike Promises...
Resident Biden ran for Office promising not to raise taxes on anyone earning less than $400,000. But a new analysis provides yet more proof that the president’s actual tax plans belie his rosy rhetoric. According to the Tax Policy Center, more than 60 percent of Americans would see their taxes increase under Biden’s proposals. The average increase would come out to $2,930 per year. It is true that wealthy Americans would bear much of the tax increase. However, the middle class doesn’t escape the burden: 75 percent of households earning $75,000 to $100,000 would see a tax increase, in the amount of roughly $440 annually. Similarly, nearly 70 percent of those families earning $100,000 to $200,000 would see tax hikes. The increases would average about $830 per year.
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