Just as predicted, Joe Biden just signed the bill that the CBO says will raise taxes on Americans making less than $400k and won’t do anything to lower inflation.
Biden says "no one earning less than $400,000/year will pay a penny more in federal taxes."
He's LYING — again. More than HALF of the tax burden from Biden Tax Hikes will fall on Americans earning less than $200,000/year — including Americans making as little as $20,000/year. pic.twitter.com/TEWpnNiqNh
— RNC Research (@RNCResearch) August 16, 2022
WATCH — Democrats cheer as Joe Biden signs a bill to raise taxes on the middle class and worsen inflation. pic.twitter.com/zgTagPRRJd
— RNC Research (@RNCResearch) August 16, 2022
Some of the new taxes are being levied upon the energy industry, which will make energy prices go up. Of course, it’s just targeting coal and oil. Not to mention all the revenue sought by the new army of IRS agents that will be hired because of this horrible bill:
TAX HIKES: The Bidenflation scam will increase taxes on hardworking Americans.
“The supersized IRS is going to be getting about $20 billion in new revenue by auditing people that make under $400K a year” pic.twitter.com/caU6kR9xRZ
— RNC Research (@RNCResearch) August 16, 2022
Spending billions and billions of dollars while the economy is suffering from terrible inflation is sure to make inflation even worse.
But hey, Biden just signed a bill where he declare victory and make people love him again. Yeah, that’s really all he cares about. Well that and going on vacation, which he’s about to do again.
Ugh.