Your taxes will increase if Joe Biden is elected president. Regardless of your income level, the president has pledged to increase taxes for all citizens of the United States. This would be detrimental to the economy, detrimental to households already dealing with inflation, and a huge expansion of government just when we least expect it.
Biden has declared that he will allow the whole Trump tax reduction of 2017 to expire if re-elected. And in contrast to what Biden says about that bill, everyone saw significant tax relief, with the middle class receiving the greatest share of the decrease.
Additionally, our business tax was lowered by much by the Trump tax cuts, which were the highest in the industrialized world.
And reduced small business taxes to less than 20% on average. Investments benefited from this, which also contributed to the fastest pay growth in 20 years.
Officials from Montana claim that Biden’s “war” on energy will worsen inflation and cost Americans their jobs.
Biden wants to drastically raise taxes by $5 trillion while reversing all of these benefits. He promised, “That [Trump] tax cut is going to expire,” in April. It will remain expired if I am reelected.” The president has frequently promised not to raise taxes on the middle class, and this would be the largest tax hike in history.
