Biden’s Inflation Reduction Act would increase taxes on nearly all Americans

Biden’s Inflation Reduction Act would increase taxes on nearly all Americans

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The Inflation Reduction Act of 2022 would increase taxes on nearly every American despite claims made by President Biden.
“When we pass the Inflation Reduction Act, not a single American in the middle class will pay higher taxes,” Biden tweeted.
According to analysis by the Congressional Joint Committee on Taxation, nearly all Americans would see increased taxes by 2023. The average tax rates would increase in nearly all income categories, according to its analysis, including lower income individuals such as those earning less than $10,000.
Federal taxes will increase by $1.9 billion on those earning between $50,000 and $75,000 and...
Source: https://justthenews.com/nation/states/center-square/analysis-inflation-reduction-act-would-increase-taxes-nearly-all?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators