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REPORT: Joe Biden’s ‘Build Back Better’ Plan Will Raise Taxes on 30% of Middle-Class Households


Joe Biden’s Build Back Better program will reportedly raise taxes on 30% of middle-class families within the next decade despite claims from the administration that the proposal will only burden households earning $400,000 annually.

President Joe Biden’s Build Back Better agenda would raise taxes on up to 30 percent of middle-class families, despite his campaign promises not to hike taxes on anyone making under $400,000 per year, according to a new analysis,” reports the New York Post.

“Taking into account all major tax provisions, roughly 20 percent to 30 percent of middle-income households would pay more in taxes in 2022,” an analysis published late Thursday by the non-partisan Tax Policy Center found.

“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,” it said.

“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.

“Even those making between $175,00 and $250,000 would get a tax cut of just over $400 or about 0.2 percent of after-tax income. By contrast, the higher SALT cap would boost after-tax incomes by 1.2 percent for those making between about $370,000 and $870,000 (the 95th to 99th percentile),” it added.

Read the full report at the New York Post.

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6 responses to “REPORT: Joe Biden’s ‘Build Back Better’ Plan Will Raise Taxes on 30% of Middle-Class Households”

  1. wescom says:

    I was running a thought experiment to
    identify what basic pieces would need to be in place for their socialists plans to have any chance of success. I couldn’t get past one thing: Massive amounts of cheap, reliable energy (and I’m not talking about renewables.) They were handed it, but are now in the process of wrecking it. Without that one thing it’s game over. I mean full stop.

    It doesn’t matter what they try, what policies are mandated or how much they tax anyone or anything. Without a near unlimited supply of cheap reliable energy it won’t work. Clearly there are many other reasons socialism is doomed to failure but without this one thing in place it’s nearly pointless to continue. x This administration is putting their incompetence on the front line. Everything they touch breaks.

    The left is bad a logistics, infrastructure and finance. Hopefully they don’t break things so bad that simply removing their “work” allows the system to self correct.

    In my very humble opinion, we are screwed.

    Let’s go Brandon!

  2. Ldyhorse says:

    I have busted my ass for years. I can’t even look at retirement and I am at retirement age. Folks, it is only going to get worse from here. Inflation is a tax in itself. We are paying more across the board for the basic necessities in life (utilities, food, and shelter). Most of us are having to look and re-look at our budgets and make stern decisions on how to survive. Many don’t have savings they can fall back on. Those living in poverty and lower middle class live hand to mouth, and are expected to eek out a living. What this administration has done to the citizenry of this country is atrocious. The only hope is that many stand up to this tyranny and say enough is enough.

  3. NeverMetTheGuy says:

    Lol. They literally ran on not increasing taxes for the middle class. The people that voted for him because Orange man bad, or that believed him, need to take an IQ test.

  4. TheMrsE says:

    How does this fit with the inflation we are seeing? As wages (eventually, I think?) rise to keep up with inflation, wouldn’t that mean middle class families might move into higher income brackets but have essentially the same purchasing power as they do right now? Thus resulting in their actual standard of living being the same but now in a higher bracket and paying the taxes that weren’t supposed to hit the middle class?

    Maybe I’m overthinking it or not understanding inflation properly…

  5. prcntm says:

    You know, I seem to remember that the debt clock’s prediction for 2025 was a median savings account balance for an average family (which in this instance I am likening to a middle class family) of $500,000. If that’s true that then it’s not going to matter if the line is drawn at $400,000; average families will easily be earning enough to hit that mark and be subject to the higher taxes even if this thing worked as advertised.