How bad is the Democrats’ deal to tax-and-spend $5 trillion dollars? President Biden says: “No one making under $400,000 will see their federal taxes go up.”
Well, we know that’s just not true. In fact, under his plan, an average family who earns over $50,000 will actually see a tax increase starting in 2027.
But wait, I thought the Democrats wanted to “Tax the Rich” and that the “wealthy should pay their fair share.”
Turns out, that’s not exactly accurate either. Say a family makes $800,000 dollars a year. Not exactly who most of us would consider “Middle Class.” They could be eligible for $118,000 dollars in tax breaks under the Democrat plan. And while they’re carving out tax loopholes for their donors in blue states, Democrats also falsely claim: “We will not increase the deficit.”
$5,000,000,000,000 would be the single most expensive piece of legislation in the history of the United States. This comes right as inflation is already surging across the country, making every paycheck you bring home worth a little less than the one before.
Let’s call Democrats’ tax-and-spend plan what it is: a socialist scam.