Saturday, May 8, 2021

Biden tax plan

Biden promised to reverse the Trump tax cuts and said only those earning more than $400,000 per year would see their taxes increase. This made no sense since the Trump tax cuts lowered taxes of middle income people. Now that someone has taken the time to evaluate Biden's position they have change plans and now will keep the tax cuts for the middle income group while raising taxes on higher income groups. This makes more sense. No one in the press pointed this out when Biden promised not to raise taxes on lower income groups.

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