Biden has a crazy tax agenda that would tax the middle working class. And the hill just said Biden has AOC on his team.
Yeah not sure this is a great winning platform.
Basically if you more then one per child you would be taxed more. Biden and Liberals judging with this tax platform wants to punish the middle class.
This is the hill reporting ironical. A bit surprising to see the hill saying that Trump tax cuts actually help middle class families.
Biden proposes an outright repeal of Trump’s tax reform package, raising taxes on the middle class, blue-collar families and American corporations, large and small. Such tax increases would return America’s corporate tax rate to close to 40 percent, the highest in the world.
Additionally, Biden proposes a “carbon tax” — a new form of gas tax — on America’s world-leading oil and natural gas production. And he has asked Rep. Alexandria Ocasio-Cortez (D-N.Y.), architect of the Green New Deal, to co-chair his campaign on climate change.
Biden’s tax increases would raise taxes on middle-class families by over $2,000 a year, with a $1,300 annual tax increase on a median-income, single parent with one child. Repealing Trump’s tax reform would cut in half the child tax credit and standard deduction, which currently help lower-income families the most.
There’s more: Biden proposes to reinstate the ObamaCare individual mandate tax, which hits lower-income and middle-class households the hardest, with an estimated bill of $695 to $2,085 per family. Most households paying that tax made less than $50,000 a year. Remember, Trump’s 2017 tax reform zeroed out that ObamaCare tax, to help working people.