The government claims it is working to guarantee people who are least fortunate don’t bear the most burden as Americans’ fears of economic hardship grow.
According to Democrats, a new plan called the Inflation Reduction Act intends to tax big corporations and tighten loopholes without punishing middle- and lower-income households.
According to them, the law, which has not yet been passed, does not include tax increases for anyone who make less than $400,000 annually, in keeping with the commitment President Joe Biden made in 2020.
However, assertions made by leading Republicans and former president Donald Trump suggest the reverse.
Trump asserted via his Truth Social app on August 1, 2022, that the New Democrat Bill will raise taxes for middle-class Americans.
Other communications stated that Democrats were pushing for a significant tax hike for all Americans, breaking a promise made by Joe Biden during his presidential campaign not to raise taxes for people making less than $400,000.
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Does Trump Have a Point When He Says the Inflation Bill Raises Middle-Income Taxes?
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