In total, all of the bills proposed by President Biden come to a staggering $6 trillion. What’s even more alarming is the reality that Biden wants this much spending and he hasn’t even been in office for six months.
Nothing in life comes for free, despite what the Democrats want their base to believe. It is for this reason that Democrats are backing Biden’s calls for massive tax increases; this is the one and only way for leftists to fund their pet projects being passed under the guise of infrastructure and more.
Now, President Biden wants Americans to believe that no person earning under $400K annually will suffer tax increases; this is an outright falsehood, and over the weekend, House Minority Leader Kevin McCarthy explained why, confirms Newsmax.
The Fallacy Surrounding Biden’s Claims About Taxes
Yesterday, Leader McCarthy spoke with The Cats Roundtable regarding the implications of Biden’s tax hikes. The House GOP leader explained that the “Biden tax” comes in the form of inflation, something that is particularly impacting poorer families across the nation.
After making this point, McCarthy moved onto the Democrats’ “infrastructure” bill that is actually more than 94% removed from infrastructure altogether. The House Republican described this spending package as a “lie” that is rampant with corruption, fraud, and abuse.
RT to agree → If President Biden did 𝘯𝘰𝘵𝘩𝘪𝘯𝘨, the jobs numbers would be better.
— Kevin McCarthy (@GOPLeader) May 9, 2021
Later during McCarthy’s remarks with The Cats Roundtable, he cited the market of electric vehicles as an example. Under Biden’s plan, electric vehicles will be pushed onto the American people; this comes in spite of the reality that fewer than 4% of Americans own or use electric vehicles.
Not only are electric vehicles not known for being affordable, but since Biden plans to have the government subsidize them, Americans will have to pay higher utility fees.
The Danger of the Biden Agenda
Under President Biden, the fees for insulin and gas are already climbing. If Biden gets his way on all these spending packages, taxes, utility fees, and other expenses will go through the roof.
Meanwhile, Democrats are embarking on a job-killing spree by moving forward w/ a COVID “emergency” workplace regulation (ETS), imposing burdensome mandates on #SmallBiz under false pretenses & hindering our economic recovery.
Quick lesson for Democrats: ETS=#PermanentPandemic
— House Ed & Labor Republicans (@EdLaborGOP) May 7, 2021
Democrats are lying to the American people when they assert that only earners above $400K will feel the brunt of tax increases. That is not how the economy works. Raising the rate of corporate taxes doesn’t just hurt the corporations; it also hurts the men and women who work for these businesses. It sends jobs overseas and worsens the U.S. economy.
What do you think about President Biden’s rhetoric on tax increases in the United States. Let us know down below in the comments section.