Biden keeps saying it and every day it is tweeted by the White House
Under President Biden’s Inflation Reduction Act, big corporations will now pay a 15% minimum tax – so they can’t pay $0 in federal income taxes.
And, no one earning less than $400,000 a year will pay a single penny more in federal taxes.
— The White House (@WhiteHouse) August 18, 2022
Politifact says he said it.
Biden has repeatedly promised that people making less than $400,000 would not see their taxes raised under his plan. Although a video that showed him saying that people making less than a $400,000 won’t “pay a single penny in taxes” is real, the president clearly misspoke during this portion of his speech.
Janet Yellen said it.
Karine Jean-Pierre promised it.
Some people believe it. Thing is, anyone who knows Biden for any length of time knows that he an inveterate liar.
Since then, there are decades of his lies
‘If you get vaccinated, you won’t get COVID.’
The Southern border is closed.
“I have never spoken to my son about his overseas business dealings.”
The list is far too long to attempt to compile in a single post.
Then we come to the fine print in the law.
- President Biden’s $400,000 threshold for tax increases applies to individual filers and not the individual incomes of married couples filing jointly, the White House said Thursday.
- Yellen’s statement echoes the language of the bill itself, which specifically says the IRS funding
is not “intended to increase taxes on any taxpayer or small business with a taxable income below $400,000.” -
White House economic adviser won’t say if 87,000 new IRS agents will audit those making under $400,000
- From the Congressional Budget Office: IRS audits will generate $20B from those making under $400K under Inflation Reduction Act
And the clincher
- Senate Democrats, on a party-line vote, rejected an amendment to their “Inflation Reduction Act” that would ban Internal Revenue Service (IRS) funds from being used to go after working and middle-class Americans with audits and tax hikes.
Biden is lying. Yellen is lying. KJP is lying. All democrats are lying.
Your taxes are going up. You have an excellent chance of being audited if your income is under $400,000 because that’s the money is. Small minority owned businesses will be ripe targets.
All democrats are liars. Biden is the consummate liar. Memorize that. Keep it with you always. It will serve you well.
See author page
You left out “zero inflation in July”.
No, we won’t see a “single penny” in tax increase. We’ll see THOUSANDS OF DOLLARS of tax increase, along with the increase in the costs of goods and services when the corporations pass those tax increases along to the public.
Democrats know their constituency are the STUPIDEST of the stupid. Democrats rely on being able to blame someone else when their polices’ harmful effects come to light.
While it is in their nature to lie, Democrats HAVE to lie because their policies always result in failure and damage to the nation. But why wouldn’t they lie? Like the Politifact example, the media never calls them out and will scramble to cover for their lies.
Another gigantic lie in the Inflation Inflation Act is the tax credits for buying EV’s. The credit is contingent on the vehicle being US made with US components. That exempts 70% of them. A lot of people are going to be in for a very rude surprise come tax filing day, but apparently, getting screwed and screwed hard by the Democrats is the only way they will learn.
Build Back Better as empty and as meaningless at Hope & Change and the Inflation reduction Act just more Big Government proposals under the Democrats
“Whoever controls the media controls everything”
It’s now legal to lie to the American people…… Smith-Mundt Act of 1948 (SMA): Put simply, our government was permitted to lie to people in other countries, but not to us here at home. The Smith-Mundt Modernization Act (SMMA), ………..BURIED in the 2012 National Defense Authorization Act (Obama’s term): REPEALED the 1948 Smith-Mundt Act: allowed the same propaganda disseminated by our government to foreign publics, to now be released in the U.S. for the very first time. OUR government is also now ALLOWED to CREATE PROPAGANDA tailored specifically for U.S. public consumption, using ANY media as it sees fit, while remaining ANONYMOUS as to the source of the material being reported. https://www.rcreader.com/commentary/smith-mundt-modernization-act-2012
They’ve certainly made the most of that.
The IRS is going after Amish farmers.
They are making it impossible for farming to even take place in the USA.
Deisel is so expensive some farmers are not going to be able to afford to run the machinery they use to harvest this Fall’s crops.
https://www.thetrumpet.com/25952-high-diesel-prices-may-prevent-farmers-from-harvesting-their-crops-this-fall
Think prices are high now?
And, so what IF they told the truth about “not raising TAXES on the Middle class?”
Taxes can be overt or covert.
Inflation is also a tax, just a hidden tax.
Raise taxes on the corporations and they must pass on costs to consumers.
Then you pay more for the same goods.
But, they do lie.
So, watch what they are doing.
They were caught training ARMED IRS agents how to take over the home/business of a LANDSCAPER who hadn’t been depreciating his used, old truck properly!
That’s not a “rich” person.
https://ussanews.com/2022/08/21/video-irs-coaching-college-students-on-how-to-arrest-small-business-owners/
@Nan G
The kicker is that while all those predictions that “climate change” will bring famine are making sure to bring it about by their attacks of farming and the use of fertilizers.
As the climate dries the American west faces power and water shortages, experts warn
At what point does denial finally become impossible?
It’s global, not local. China just ran into something that could be even more devastating for its supply chains than COVID-19 lockdowns: A record heat wave
Nah. The Climate Change Hoax is simple genocide.
Stop these demons in their tracks.