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BRENDAN SMIALOWSKI/AFP via Getty Images The Democrats’ $3.5 trillion infrastructure bill would break President Joe Biden’s pledge not to increase taxes on working-class Americans.
The Joint Committee on Taxation (JCT) found that the House Ways and Means Committee’s portion of the $3.5 trillion infrastructure bill would increase taxes on Americans making over $50,000 or more per year in the calendar year 2031, according to a Joint Committee on Taxation (JCT) report.
The JCT’s analysis of the infrastructure bill would serve as a significant break from Biden’s promise not to raise taxes on Americans making less than $400,000 per year.
“The President remains committed to his pledge from the campaign that nobody making under $400,000 a year will have their taxes increased,” White House press secretary Jen Psaki said in March. Psaki clarified that this figure applies to families, not individuals, but the infrastructure plan would still raise taxes on most Americans.
The JCT analysis even found that the proposal would increase taxes on Americans in calendar year 2027 for those making between $30,000 to $40,000 per year.
The House Ways and Means Republicans noted many of the ways that the Democrat proposal would subsidize American families making more than $800,000 annually: Here’s the chart, provided by @WaysandMeansGOP : pic.twitter.com/fYOZ1DCDvK — Mark Bednar (@MarkBednar) September 14, 2021 Rep. Drew Ferguson (R-GA), the chief deputy House Republican whip, said the Democrat proposal would benefit Democrats’ leftist allies.
Breitbart News’s John Carney noted that House Ways and Means Committee Chairman Richard Neal (D-MA) also left in the carried interest loophole that would benefit billion-dollar hedge funds.
Rep. Thomas Suozzi (D-NY), a moderate Democrat, has demanded that Democrats repeal former President Donald Trump’s limitation of the state and local tax (SALT) deduction. The SALT deduction primarily benefits wealthy, blue states such as New York, New Jersey, and Connecticut.
Democrats remain poised to increase taxes on most Americans with their $3.5 trillion proposal as Rep. Alexandria Ocasio-Cortez (D-NY) wore a dress with the message “tax the rich” to the 2021 Met Gala on Monday.National Republican Congressional Committee (NRCC) spokesman Mike Berg said in a statement Tuesday, “Democrats have already broken their promise […]
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They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
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