President Joe Biden has repeatedly said he won’t hike taxes on anyone earning less than $400,000, but then this week he promised on X to hike taxes on just about everyone.
Now, to be fair, Biden may not have understood that’s what he’s saying.
Donald Trump was very proud of his $2 trillion tax cut that overwhelmingly benefited the wealthy and biggest corporations and exploded the federal debt.
That tax cut is going to expire.
If I’m reelected, it’s going to stay expired.
— Joe Biden (@JoeBiden) April 23, 2024
Letting the Tax Cuts and Jobs Act expire and “stay expired” would be a massive middle-class tax hike because the Tax Cuts and Jobs Act was a massive middle-class tax cut. Yes, wealthy people also
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!