One of Joe Biden's main promises, in addition to a pledge to unify the country -- which in his own way he's already accomplished -- has been to not raise taxes on anybody who makes more than $400,000 a year:
Let me be very clear: If you make under $400,000 you won’t pay a penny more in taxes under my administration.
— Joe Biden (@JoeBiden) October 16, 2020
Like everything else Biden says, that's a lie, especially considering that inflation is an additional tax on Americans.
Biden's chief press office gaslighter Karine Jean-Pierre was asked how Biden letting the Trump tax cut measures expire would not hit the middle class if he's still in office next year, considering how the law is written. Jean-Pierre did the usual thing of changing the subject and switching the blame to the Republicans:
REPORTER: "The president said he wants to let the Trump tax cuts expire. If that law expires, it does raise taxes on almost every American. Does he still support that expiring without anything else in place?"
— Townhall.com (@townhallcom) May 3, 2024
KJP: "The president is going to allow the Trump tax cut expire. He… pic.twitter.com/pzeJTZV7mu
Here's that exchange:
REPORTER: "The president said he wants to let the Trump tax cuts expire. If that law expires, it does raise taxes on almost every American. Does he still support that expiring without anything else in place?"
KJP: "The president is going to allow the Trump tax cut expire. He was very clear. But he will not raise taxes on anyone making less than $400,000/year…It’s going to expire for the wealthy."
REPORTER: "The president can’t pick and choose which parts of the law sunsets. The entire law will sunset, and the Tax Foundation says that someone who's married, two kids, making $85,000 would pay $1,700 more in taxes. That's somebody under $400K—"
KJP: BUT REPUBLICANS.
More BS detected!
They’ve been lying about the tax cuts for years & they’re now trying to pretend that all their lies don’t really count. The fact is, if the Trump/GOP tax cuts expire, that will result in painful tax increases for all income groups in America. https://t.co/ZJNH2EQwlk
— Guy Benson (@guypbenson) May 3, 2024
And then they'd try to blame Republicans.
Just flat-out ignore the question and statement. and then LIE
— LizaJane 🍊🍊🇺🇸🍊🍊 (@liz_ledbetter) May 3, 2024
That's KJP's modus operandi.
This is Bernstein’s Econ Professor https://t.co/IV5iOWdZBo
— Kenneth C Damschen (@Sonorandesertra) May 3, 2024
The country's in the best of hands. No, not really.
Oh, and for further confirmation Biden's tax increases would hit the middle class, Treasury Secretary Janet Yellen said they wouldn't:
But on Tuesday, Ms. Yellen insisted that Mr. Biden would keep his promise to not raise taxes on Americans who earn less than $400,000 a year if he wins a second term.
“The president has been very clear that no family earning less than $400,000 will face a tax hike,” Ms. Yellen said.
So yeah, the middle class would pay, one way or another, if the cuts expire next year. Hopefully, Biden gets voted out before he gets a chance to do more damage to the economy.
Join the conversation as a VIP Member