'Build Back Better' to hike taxes on some middle-class families while giving some wealthy people a massive tax cut

[Weatherman2020]

Anyone shocked that Democrats are raising taxes on middle income while giving the mega rich tax cuts are one of the 34% who support Brandon.

‘Build Back Better’ to hike taxes on some middle-class families while giving some wealthy people a massive tax cut - Washington Examiner

Most millionaires would receive a tax cut from the Democrats' "Build Back Better" bill, and many middle-class taxpayers would see a tax increase. That last point is politically salient. President Joe Biden absolutely positively 100% swore and promised he would not hike taxes by a penny on a...

www.washingtonexaminer.com

 

[task0778]

The just passed House bill would hike the cap on the state and local tax (SALT) deduction from $10,000 all the way to $72,500. This $500 billion tax cut (relative to keeping the $10,000 cap) would provide 84 percent of its benefits to the top-earning 10 percent of households (saving as much as $19,000 each), while the typical median-earning family would save just $20. And Democrats say Republicans are the party of the rich! The result is that — even with other new tax hikes — many wealthy families could see a net tax cut in this bill.

8 big problems with Biden’s ‘Build Back Better’ bill

Even if House Speaker Nancy Pelosi twists enough arms for passage, prospects in the Senate remain dim as Sens. Joe Manchin and Kyrsten Sinema have refused to endorse the bill.

nypost.com

They have given away to the GOP one of their biggest political talking points - tax cuts for the rich. Even if the Senate red lines that, the House Dems voted for it and they'll pay a high price for that IMHO.

 

[Oddball]

The inflation caused by untold trillions of money printing will tax the shit out of everyone.

 

[Meister]

With this new spending Bill, there will be lots of job openings......in China.
Might be prudent to submit resumes now to beat the crowd.

 

[Resnic]

The inflation caused by untold trillions of money printing will tax the shit out of everyone.

Well he did say it wouldn't cost anything. Which I took as, it wouldn't cost him anything.

 

[Fueri]

The promise: The rich will pay.

The reality: No they won't, BOHICA.

 

[marvin martian]

Anyone shocked that Democrats are raising taxes on middle income while giving the mega rich tax cuts are one of the 34% who support Brandon.

‘Build Back Better’ to hike taxes on some middle-class families while giving some wealthy people a massive tax cut - Washington Examiner

Most millionaires would receive a tax cut from the Democrats' "Build Back Better" bill, and many middle-class taxpayers would see a tax increase. That last point is politically salient. President Joe Biden absolutely positively 100% swore and promised he would not hike taxes by a penny on a...

www.washingtonexaminer.com

That was their plan all along. The lies about student loan forgiveness, paid family leave, and "free" college were just come-ons to dupe the stupid people into voting for Joe Biden. It worked.

 

[WTH_Progs?]

I'd like to be the first leftist to chime in. This is Reagan's fault.

 

[basquebromance]

By demanding new tax breaks for the rich, Democrats are helping Republicans portray them as hypocritical elitists just before a midterm election.

the last time Democrats held the presidency and Congress, the party spent its first year in power enriching big banks that had cratered the economy and then letting public money subsidize the Wall Street bonuses of their campaign donors. The spectacle gave Republicans a political bailout in the 2010 midterms, allowing the GOP to depict itself as anti-establishment populists challenging an elitist government.

Twelve years later, history is rhyming

just as a new survey shows nearly two-thirds of Americans see the party as “out of touch with the concerns of most people.” And now the Republican machine is already gearing up to demagogue the issue in 2022

 

[Flash]

But Potathead promised he would not raise taxes on anybody making less than $450K a year!!!

Say it ain't so!!!!

 

[B. Kidd]

BUILD BACK BETTER.

If the Dimm's really had U..S. interests at heart, why did they adopt an old globalist United Nations mantra??