Biden promised during the campaign that he was going to raise taxes but, only on the rich.
“Yes, anybody making more than $400,000 will see a small to a significant tax increase,” Biden told George Stephanopoulos.
Biden added, “If you make less than $400,000, you won’t see one single penny in additional federal tax.”
Well, that’s not true, White House Press Secretary Jen Psaki had to “clarify” Biden’s tax hike would effect families that make $200,000 a year. This means that if both parents of a family of four work live in a high cost of living area (like New York City, or San Fransisco) they are going to be effected.
Psaki said during her daily press briefing that the proposed tax threshold would apply to “families” then individuals.
“I may not get [Republican support], but I’ll get the Democratic votes for a tax increase. If we just took the tax rate back to what it was when [George W.] Bush was president — [when] the top rate paid 39.6 percent in federal taxes — that would raise $230 billion. Yet they’re complaining because I’m providing a tax credit for child care for the poor, from middle class?” Biden said.
Republicans plan on fighting the bill which puts the bill in jeopardy. Democrats have a very slim majority in the House and the Senate is split 50-50. Vice President Kamala Harris could cast the tie breaking vote however, first Democrats would have to get rid of the filibuster.
Democrat Senator Dick Durbin is calling for an end to the 60 vote threshold filibuster calling it a “weapon of mass obstruction.” However, during the Trump administration Democrats pitched a fit when Trump suggested Republicans do away with the filibuster.
Biden didn’t go as far as Durbin and told George Stephanopoulos that he would like to see “filibuster reform.”
The implications of getting rid of the filibuster are huge, it would allow Democrats to ram all sorts of far-left legislation through the Senate using Vice President Kamala Harris as the tie breaking vote.
March 18, 2021
ARTICLE SOURCE : THECONSERVATIVEOPINION.COM