How many more promises can Biden break?
When Joe Biden was campaigning against former President Donald Trump for the presidency, he vowed not to raise taxes on Americans who earned more than $400,000 yearly. Now it appears that Biden was completely lying to voters and Republicans are calling him out.
In a recent interview with Fox Business, Rep. French Hill, R-Ark. slammed President Biden for exactly that.
During his interview, Rep. Hill said, “If Joe Biden and Bernie Sanders are successful in getting the $3.5 trillion-plus infrastructure bill through Congress, Americans are going to see higher taxes.”
“Small businesses, families up and down the income line, you’re going to see enhanced cost everywhere,” Hill added. “And some of the offsets they’re talking about in the $3.5 trillion resolution, they say they’re going to raise a minimum of 1.5 or so trillion dollars in taxes, but that’s a minimum.”
Adding, “And you have Democrats in Congress now calling for it to be fully paid for or they’re not going to vote for it. So you expect to see the top rate raise, you expect to see a top rate raised on capital gains, the estate tax rate will go up, the estate tax exclusions will go down. There may be a tax on IRAs of Americans over a certain amount. You’re going to see the corporate tax rate go up. You’re going to see deductions for expensing of investments by small businesses eliminated.”
Hill then hit Biden directly and called out his biggest lie, “And Joe Biden campaigned on this. He said he wanted to repeal the Trump tax reforms. And you’re going to see that effort. So Joe Biden has already broken his promise about not raising taxes on those making under $400,000.”
Watch Biden lie to the American people:
STOCK MARKET: President Biden jokes about what former President Trump would be saying about the economy as the stock market continues to break records while Biden has been in office.https://t.co/QQamLLQFor pic.twitter.com/Qamx35g9n2
— Forbes (@Forbes) September 3, 2021
“Were going to deliver this investments without raising taxes one cent on anyone making less than $400,000 a year” Biden said.
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