Taxes

When Biden campaigned he said he would only raise income tax on those earning more than $400,000 but he also said he would get rid of the Trump tax cuts. This was dishonest because getting rid of the Trump cuts would in essence add $2,000 to the average families tax. In his new plan he will increase the child tax credit from $2,000 to $3,000 and this would make up for the cut for all families with two or more children under the age of 17. His plan would also increase the child care tax credit but most low income families will not qualify because they don't owe any taxes and this credit is non-refundable. The rest of his plan increases corporate taxes from 21% to 28%. This is a way to increase taxes on the rich without adversely effecting the poor except it will indirectly cost jobs. Jobs are not at the top of the list.