Blackrook
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Biden: “First thing I’d do is repeal those Trump tax cuts.” | Americans for Tax Reform
Democrat presidential candidate Joe Biden threatened to raise taxes during a speech in Colombia, South Carolina this Saturday.
“First thing I’d do is repeal those Trump tax cuts,” said Biden.
[Click here for video]
A repeal of the Tax Cuts and Jobs Act would impose a large tax increase on the American people. Thanks to the tax cuts, a typical family of four earning the median family income of $73,000 saw a tax cut of over $2,000– a 58% reduction in federal taxes. A single parent with one child with annual income of $41,000 saw a tax cut of $1,304 -- a 73% reduction in federal taxes.
As noted by the New York Times: “Most people got a tax cut.” The NYT also stated: “To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained — and misleading — effort by liberal opponents of the law to brand it as a broad middle-class tax increase.” Biden is a key part of this misleading effort.
***
Well, just when I thought Biden couldn't be any stupider, he outdoes himself and promises to repeal the Trump tax cuts.
Stick a fork in Biden. He's done.
Democrat presidential candidate Joe Biden threatened to raise taxes during a speech in Colombia, South Carolina this Saturday.
“First thing I’d do is repeal those Trump tax cuts,” said Biden.
[Click here for video]
A repeal of the Tax Cuts and Jobs Act would impose a large tax increase on the American people. Thanks to the tax cuts, a typical family of four earning the median family income of $73,000 saw a tax cut of over $2,000– a 58% reduction in federal taxes. A single parent with one child with annual income of $41,000 saw a tax cut of $1,304 -- a 73% reduction in federal taxes.
As noted by the New York Times: “Most people got a tax cut.” The NYT also stated: “To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained — and misleading — effort by liberal opponents of the law to brand it as a broad middle-class tax increase.” Biden is a key part of this misleading effort.
***
Well, just when I thought Biden couldn't be any stupider, he outdoes himself and promises to repeal the Trump tax cuts.
Stick a fork in Biden. He's done.
