Joe Biden promised repeatedly that there would be “no new taxes” on individuals making less than $400K a year.
Never mind that Democrat politicians lie all the time to win votes… voters still believed Biden! And voted for him!
You’d have to be pretty naíve to believe that the federal government could massively expand its spending without raising taxes on pretty much everybody. And yet here we are.
Now Biden’s “no new tax” promise is being exposed for the empty promise it always was…
President Joe Biden’s pledge not to raise taxes on American families earning less than $400,000 annually was a centerpiece of his campaign and of his first months in the White House. But a new analysis suggests that more than 60 percent of taxpayers will face a higher burden under Biden’s first budget plan.
The Tax Policy Center (TPC), a center-left think tank based in Washington, D.C., reports that “nearly all” of Biden’s proposed tax increases would be borne by American households earning over $800,000 annually. But while the tax increases are undeniably concentrated in the upper echelons, most taxpayers would see at least a small increase in what they owe the federal government via income, payroll, and corporate taxes. In fact, three-quarters of households earning between $75,000 and $100,000 annually would face higher taxes under Biden’s budget—with an average tax increase of $440.
Instead of promising that it’s possible for America to deal with its current fiscal mess and massively expand the size of government by merely taxing the rich, Biden should be honest about what he’s proposing. A more expensive government means higher taxes on almost everyone.REASON.COM
The question is, will Democrat voters even notice that they’re paying more taxes? Will they see that Biden broke his big campaign promise? And will they reward Biden for taxing them more by voting for him again?
Answers: No, no, and yes.
Democrat voters have short memories and severe Stockholm Syndrome: they continue to support and vote for their abusers. Sad.