Economy & Business, Politics

Nobody Believes Biden Isn’t Raising Middle-Class Taxes

Earlier this month, Senator Joe Manchin and a group of Democratic House moderates signalled that they would not vote for President Biden’s $1.75 trillion reconciliation bill until the Congressional Budget Office assesses the true cost of each of the package’s programmes, as well as the tax plans to fund them.

Provisions included in a draft version of President Joe Biden’s “Build Back Better” plan may run counter to his pledge that tax hikes will only affect Americans earning $400,000 or more if the package is implemented, a new study has claimed. Read more…

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