From President Donald J. Trump:
President Joe Biden‘s Build Back Better plan could raise taxes modestly for some middle-class households, despite his vow that anyone making less than $400,000 would not see an increase, according to a new analysis.
‘Taking into account all major tax provisions, roughly 20 percent to 30 percent of middle-income households would pay more in taxes in 2022. However, their tax increases would be very small,’ non-partisan Tax Policy Center wrote in a report.
‘Among those with a tax increase, low- and middle-income households would pay an additional $100 or less on average. Those making $200,000-$500,000 would pay an average of about $230 more,’ the report added.
Read the full article by Keith Griffith with the Daily Mail here.