Democrats found themselves in more political trouble.
This latest headache is all on Joe Biden.
And Joe Biden got caught red-handed in a huge lie that means deep trouble for Democrats.
When Joe Biden campaigned for president, Biden promised not to raise taxes on any American making less than $400,000 per year.
Now that Biden is pushing his signature $1.75 trillion socialist welfare and Green New Deal spending plan, Biden continues to make that promise a key selling point.
“Under this historic agreement, nobody earning less than $400,000 per year will pay a penny more in taxes,” Biden claimed in describing his Big Government scheme.
It only took Joe Biden ten months to break that pledge.
The Tax Policy Center is a left-wing group that is a joint project of the liberal Brookings Institution and Urban Institute.
And in the analysis of the Tax Policy Center, Biden’s socialist scheme hits between 20 and 30 percent of middle-income families with a tax increase.
“Taking into account all major tax provisions, roughly 20 percent to 30 percent of middle-income households would pay more in taxes in 2022,” the Tax Policy Center analysis reads. “Among those with a tax increase, low- and middle-income households would pay an additional $100 or less on average. Those making $200,000-$500,000 would pay an average of about $230 more.”
To make matters worse, the Tax Policy Center wrote that taxes would go up again for middle-income families.
“In general, the combined effects of these changes would result in many households paying higher taxes in 2023 than in 2022. They would shrink the average 2023 tax cuts for low-income households, raise taxes slightly for moderate-income households, and increase taxes significantly for the highest-income households,” the Tax Policy Center said.
Joe Biden’s low approval numbers already created a treacherous political environment for Democrats in 2022.
Biden’s trillions in new socialist spending drove up inflation and choked off economic growth leading to a Democrat wipeout in the Virginia elections.
Even the most rose-colored assessment of inflation by the Biden administration admits inflation will run hot through 2022 – which means Democrats will try to hang on to their majorities amidst Jimmy Carter-style economic malaise.
Joe Biden breaking his pledge and raising taxes on middle-class Americans will provide potent lines of attack for Republicans in the 2022 midterms.
Critics contend Biden’s socialist spending plan will squeeze the middle-class on both ends.
The $1.75 trillion spending scam will drive up inflationary pressures raising prices and the tax increases will cut take-home pay.
And that could create another political nightmare for Democrats.
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