Hidden costs of Build Back Better: Tax hikes, IRS on Americans’ backs, critics say

Hidden costs of Build Back Better: Tax hikes, IRS on Americans’ backs, critics say


The potentially hidden costs of President Biden’s nearly $2 trillion “Build Back Better” plan could raise taxes on average Americans — who would also be more likely to get put under a microscope by the IRS, critics said Friday.

“The spending is unsustainable. As Margaret Thatcher said, at some point, you run out of other people’s money,” Rep. Nicole Malliotakis (R-Staten Island, Brooklyn) said.

Malliotakis also derided the massive spending plan — which narrowly passed the House on Friday morning over unified GOP opposition — as the “Build Back Broke bill” and a “Democratic socialist spending spree.”

Trending: MORE Names Revealed In Epstein’s ‘Black Book’

“The short-term impacts will be inflation and a higher cost of living — and the longer-term impact will be tax increases on the middle class,” she

Continue reading

You Might Like

 

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!

Thanks for sharing!
Send this to a friend