Taxes will go up for millions of lower- and middle-income taxpayers under the House Democrats’ version of President Joe Biden’s Build Back Better plan, according to two new analyses by the non-partisan professional staff of the congressional Joint Committee on Taxation (JCT).
U.S. Sen. Bernie Sanders has been unable to advance a top-down, government takeover of our nation’s health care system, so like-minded California lawmakers attempted a state version that would have ended private health insurance, forced Medicare participants into a new experimental system, and put the government in charge of Californian’s health care.
A new congressional report shows that the tax increase bill approved by the House Ways and Means Committee would increase taxes on millions of taxpayers making less than $400,000. That would violate a pledge President Joe Biden has made repeatedly.
Democrats want working-class families in red states like Florida and Texas to subsidize residents making $200,000, $400,000, or more in places like New York and New Jersey.
House Democrats have unveiled a litany of new tax proposals to fund President Joe Biden’s $3.5 trillion federal spending bill, but a new report suggests the spending plan would shrink the economy.
