Joe Biden's massive social spending bill, 'Build Back Better' is only getting worse.
The more time goes on, the more details are starting to leak. And with a wink and a nod to the corrupt mainstream media that love to use 'Fact Check', well here is one. Joe Biden's promise not raise taxes for anyone who makes under $400k is definitely not true.
"President's Biden's promise has just been demolished" said Pete Sepp, president of the National Taxpayers Union, "Not by Republicans, but by Congresses own non-partisan tax score keeping arm" which of course is the CBO.
So now that the truth is finally out there, and even the mainstream media can't provide cover anymore, how much will middle class American's be taxed? Starting in 2023, if you make between $75,000 - $100,000 you will have a tax increase of 2.9%, and if you make between $100 - $200 grand? You are looking at a 7.4% spike.
"I think those actually may be very conservative numbers" said economist EJ Antoni, "And that the effective tax increases could be substantially higher then that."
The other mistruth by the Biden administration, they continue to lie that the bill is all paid for, it's government funded.
"There is no such thing as 'government funded' because government doesn't have any money, only taxpayers have money" Antoni told KTRH, "So everything is tax-payer funded, and every time another program is added to the federal budget, we should really be viewing it as another tax."
And one other note that you will not hear about, not only is the middle class going to be taxed, but the rich that Biden continues to say "need to pay their fair share"? Under Biden's green new deal those who make over $500,000 are actually going to see a double digit tax cut!
"The wealthy are paying less, while the not so wealthy are paying more" Sepp told KTRH.
That is the truth. As for the bill, it is now in the hands of the Senate, with the Democrats hoping they can sneak it through before Christmas.