Biden’s social welfare bill breaks pledge- raises taxes | Eastern NC Now

Biden pledged that individual Americans who make less than $400,000 -- which is more than 90% of taxpayers -- "won't see one single penny in additional federal tax." https://abc7ny.com/biden-tax-income-taxes-400-000/10426545/

Reality

“The analysis also documents that the Administration’s pledge that ‘no one with income below $400,000 will see their taxes go up’ is not true,” said Sen. Mike Crapo of Idaho, the top Republican on the Senate Finance Committee.

Individuals making between $100,000 and $200,000 would see a net tax hike of 7.4% in 2023.

“This analysis proves that any suggestion this bill constitutes a broad-based middle-class tax cut is clearly false,” Mr. Crapo said.

By 2031, taxpayers in the $50,000 to $75,000 would see a net 1% hike in their taxes, while those in the 75,000 to $100,000 range would see a 2.9% increase. Meanwhile, those making between $100,000 to $200,000 see an overall tax hike of 11.3%.

https://www.washingtontimes.com/news/2021/nov/16/bidens-social-welfare-bill-breaks-pledge-not-raise/

More reality

President Joe Biden’s “Build Back Better Act,” a filibuster-proof $1.75 trillion budget reconciliation package, gives $625 billion in tax cuts to the nation’s wealthiest blue state residents.

A newly released analysis of Biden’s budget finds that plans to increase the State and Local Tax (SALT) deduction cap from its current $10,000 to $80,000 would effectively amount to a $625 billion tax for the wealthiest of Americans living in blue states.

The analysis reveals that “a household making $1 million per year will receive ten times as much from SALT cap relief as a middle-class family will receive from the child tax credit expansion.”

https://www.breitbart.com/politics/2021/11/15/joe-biden-democrats-seek-625-billion-tax-cut-for-wealthy-coastal-elites/

Didn't believe him when he said and not it is show if the bill passes, it was NOT true.