During the vice-presidential debate Wednesday night, Vice President Mike Pence repeatedly claimed that Democratic presidential nominee Joe Biden and his running mate Kamala Harris would raise taxes on “day one” if they win the Nov. 3 election.
“They’re going to raise taxes on every American,” Pence said. “Joe Biden said twice in the debate last week that on day one he’s going to repeal the Trump tax cuts.”
Liberals tried to cover for Biden’s plan but the internet never forgets.
During Joe Biden’s campaign rally in South Carolina back in February, a voter told Biden that the Trump tax cut saved him money, but Biden shot back that he would raise taxes if elected.
Biden: “By the way, how many of you did really well with that $1.9 trillion tax cut…”
[Voter raises a hand to say he benefited from the Trump tax cut.]
Biden: “Well you did! Well, that’s good. I’m glad to see you are doing well already. But guess what, if you elect me, your taxes are going to be raised, not cut, if you benefited from that.”
Biden’s promise to repeal the tax cuts is a promise to raise taxes. If the tax cuts were repealed:
A family of four earning the median income of $73,000 would see a $2,000 tax increase.
A single parent (with one child) making $41,000 would see a $1,300 tax increase.
Millions of low and middle-income households would be stuck paying the Obamacare individual mandate tax.
Utility bills would go up in all 50 states as a direct result of the corporate income tax increase.
Small employers will face a tax increase due to the repeal of the 20% deduction for small business income.
The USA would have the highest corporate income tax rate in the developed world.
Taxes would rise in every state and every congressional district.
The Death Tax would ensnare more families and businesses.
The AMT would snap back to hit millions of households.
Millions of households would see their child tax credit cut in half.
Millions of households would see their standard deduction cut in half, adding to their tax complexity as they are forced to itemize their deductions and deal with the shoebox full of receipts on top of the refrigerator.
In South Carolina, where Joe Biden spoke, households with the median income of $50,570 received an average tax cut of around $1,341 according to a recent Tax Foundation report.
As noted by the New York Times, thanks to the GOP tax cuts, “Most people got a tax cut.” The NYT also stated: “To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained — and misleading — effort by liberal opponents of the law to brand it as a broad middle-class tax increase.”
The Washington Post also stated: “Most Americans received a tax cut.”
More examples of the benefits stemming from the tax cuts are shown in a recent H&R Block report, which states, “overall tax liability is down 24.9 percent on average.” In Biden’s home state of Delaware, the report found that residents received a 24.8% tax cut.
In South Carolina — where he made his most recent threat to repeal the TCJA — residents received a 23.2% tax cut.
Biden also lied to the American people when he ran for Vice President in 2008 when he repeatedly said he would not support any form of any tax that imposed even “one single penny” of tax increase on anyone making less than $250,000. Biden shattered that promise upon taking office.
Alex D is a conservative journalist, who covers all issues of importance for conservatives. He writes for Conservative US, Red State Nation, Defiant America, and Supreme Insider. He brings attention and insight from what happens in the White House to the streets of American towns, because it all has an impact on our future, and the country left for our children. Exposing the truth is his ultimate goal, mixed with wit where it’s appropriate, and feels that journalism shouldn’t be censored. Join him & let’s spread the good word!