COMMUNISM Joe Biden Breaks Pledge: Raises Taxes on Americans Earnings over $50k 532

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Joe Biden Breaks Pledge: Raises Taxes on Americans Earnings over $50k
532
US President Joe Biden speaks during a campaign event for California Governor Gavin Newsom at Long Beach City Collag in Long Beach, California on September 13, 2021. - US President Joe Biden kicked off a visit to scorched western states Monday to hammer home his case on climate change and …
BRENDAN SMIALOWSKI/AFP via Getty Images
Sean Moran14 Sep 2021300

3:09


The Democrats’ $3.5 trillion infrastructure bill would break President Joe Biden’s pledge not to increase taxes on working-class Americans.

The Joint Committee on Taxation (JCT) found that the House Ways and Means Committee’s portion of the $3.5 trillion infrastructure bill would increase taxes on Americans making over $50,000 or more per year in the calendar year 2031, according to a Joint Committee on Taxation (JCT) report.

The JCT’s analysis of the infrastructure bill would serve as a significant break from Biden’s promise not to raise taxes on Americans making less than $400,000 per year.

“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 said in March. Psaki clarified that this figure applies to families, not individuals, but the infrastructure plan would still raise taxes on most Americans.

The JCT analysis even found that the proposal would increase taxes on Americans in calendar year 2027 for those making between $30,000 to $40,000 per year.

The House Ways and Means Republicans noted many of the ways that the Democrat proposal would subsidize American families making more than $800,000 annually:


Rep. Drew Ferguson (R-GA), the chief deputy House Republican whip, said the Democrat proposal would benefit Democrats’ leftist allies.

Breitbart News’s John Carney noted that House Ways and Means Committee Chairman Richard Neal (D-MA) also left in the carried interest loophole that would benefit billion-dollar hedge funds.

Rep. Thomas Suozzi (D-NY), a moderate Democrat, has demanded that Democrats repeal former President Donald Trump’s limitation of the state and local tax (SALT) deduction. The SALT deduction primarily benefits wealthy, blue states such as New York, New Jersey, and Connecticut.

Democrats remain poised to increase taxes on most Americans with their $3.5 trillion proposal as Rep. Alexandria Ocasio-Cortez (D-NY) wore a dress with the message “tax the rich” to the 2021 Met Gala on Monday.

National Republican Congressional Committee (NRCC) spokesman Mike Berg said in a statement Tuesday, “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.”

Despite his party’s proposal to raise taxes on most Americans, Biden said Tuesday that the “super-wealthy” and “big corporations” should pay more in taxes.
 

Abert

Veteran Member
Actually - Biden’s promise not to raise taxes on Americans making less than $400,000 per year - is per couple - only $200,000 per individual. With Dems - always have to read the fine print!
 

Ragnarok

On and On, South of Heaven
Did anyone actually believe his ass to begin with?

- Record inflation
- Vaccine mandates creating an unemployment crisis
- Free rent for renters while requiring landlords to pay the bank loans
- Letting people with an OBLIGATION to pay off the hook in regards to student loans ( I paid mine off! )
- Supply chain problems and grocery prices rising at a ridiculous rate
- Before his dumb ass took over we were energy independent, now we may be looking at $100/barrel by winter
- Gas prices back to the Obama era when they were below a dollar a gallon for a bit under Trump

Hey!

Now would be a GREAT time to raise taxes and make people even poorer!

I have never hated a "president" more than this asshole.

I have no faith that people who voted for this moron are learning a damned thing but I can hope.

Three more years of this garbage?

We are so fu<ked...
 

Dobbin

Faithful Steed

Lone_Hawk

Resident Spook
The Joint Committee on Taxation (JCT) found that the House Ways and Means Committee’s portion of the $3.5 trillion infrastructure bill would increase taxes on Americans making over $50,000 or more per year in the calendar year 2031, according to a Joint Committee on Taxation (JCT) report.
Well, in this case they are doing what they said they would do, "Tax the rich." You see, if they stay in charge till 2031, making $50k+ per year means you are rich. Compared to the rest of us.
 

West

Senior nut
The best way to increase taxes is to increase the basic FICA tax. This way the majority who are ignorantly educated will blame their boss for taking out more monies from their checks.

Along with government mandated inflation the idiots will blame capitalism.

All by design and mandate.
 

PghPanther

Veteran Member
Did anyone actually believe his ass to begin with?

- Record inflation
- Vaccine mandates creating an unemployment crisis
- Free rent for renters while requiring landlords to pay the bank loans
- Letting people with an OBLIGATION to pay off the hook in regards to student loans ( I paid mine off! )
- Supply chain problems and grocery prices rising at a ridiculous rate
- Before his dumb ass took over we were energy independent, now we may be looking at $100/barrel by winter
- Gas prices back to the Obama era when they were below a dollar a gallon for a bit under Trump

Hey!

Now would be a GREAT time to raise taxes and make people even poorer!

I have never hated a "president" more than this asshole.

I have no faith that people who voted for this moron are learning a damned thing but I can hope.

Three more years of this garbage?

We are so fu<ked...
Brilliant and pertinent observation.................I concur with your conclusion 100%
 

20Gauge

Has No Life - Lives on TB
Well, in this case they are doing what they said they would do, "Tax the rich." You see, if they stay in charge till 2031, making $50k+ per year means you are rich. Compared to the rest of us.
I hate to tell you based upon the tax code, $150k as a couple and $75k single is considered rich. You begin losing basic credits at that point. So that would be the current level of rich.

Though at this point I could make an argument that simply working is now considered rich.
 
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