IT BEGINS: Economists Say Biden’s Proposed Tax Hikes Will Impact Americans Earning $200K
While campaigning Joe Biden said he would not tax anyone who is earning under $400k. Only people who earn above 400k would be taxed, then candidate Joe Biden insisted. This statement was obviously not true. The spending of the Biden Administration and the Democrat controlled Congress is so out of control, that there is simply no way that only the affluent could pay for it.
Watch your wallet, Mr. and Mrs. America.
How it started: How it’s going: pic.twitter.com/pTPiYF20id
— Sean Parnell (@SeanParnellUSA) March 18, 2021
IT BEGINS: Economists Say Biden’s Proposed Tax Hikes Will Impact Americans Earning $200K
By Sean Hannity, March 18, 2021
Despite making numerous claims that his proposed tax hike will only affect Americans earning more than $400,000, analysts now believe President Biden’s policy could impact those making $200,000 per year.
“Anybody making more than $400,000 will see a small-to-a-significant tax increase,” Biden said during an interview on ABC’s “Good Morning America” that aired Wednesday. “You make less than $400,000, you won’t see one single penny in additional federal tax.”
“Jen Psaki clarified on Wednesday that Biden’s proposed $400,000 threshold for tax increases applies to families, rather than individuals, meaning the hike could hit individuals who earn $200,000 a year if they are married to someone who makes the same amount,” reports Fox News.
“He meant families,” said Psaki.
Psaki says Biden’s proposed tax hike applies to families making over $400K https://t.co/3zB7J1wzxe @MorningsMaria @FoxBusiness
— Maria Bartiromo (@MariaBartiromo) March 18, 2021
President Biden has already called for $4 trillion in new spending on programs like CoVID relief and the Green New Deal.
EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved. Quick note: Tech giants are snuffing us out. You know this. Twitter, LinkedIn, Google Adsense permenently banned us. Facebook, Twitter, Google search et al have shadowbanned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. Help us fight. Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW more than ever. Share our posts on social and with your email contacts.