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This is a lie.
Biden has pledged to undo the GOP's corporate tax cuts, close loopholes in investment and inheritance taxes, cap itemization, and raise payroll taxes on income over $400,000. But he hasn't called for undoing tax cuts on the middle class. https://taxfoundation.org/joe-biden-tax-plan-2020/ https://twitter.com/rudygiuliani/status/1283787262891786241
Biden has pledged to undo the GOP's corporate tax cuts, close loopholes in investment and inheritance taxes, cap itemization, and raise payroll taxes on income over $400,000. But he hasn't called for undoing tax cuts on the middle class. https://taxfoundation.org/joe-biden-tax-plan-2020/ https://twitter.com/rudygiuliani/status/1283787262891786241
Even the conservative Tax Foundation has estimated Biden's plan would only amount to a 0.6% difference in after-tax income for the bottom 94% of taxpayers.
Offset that with his planned expansion of social safety nets and public investment, middle class taxpayers come out ahead.
Offset that with his planned expansion of social safety nets and public investment, middle class taxpayers come out ahead.
On the other hand, you know what would kick middle class taxpayers in the crotch? Their after-tax income going to ZERO because their company has to do another round of furloughs or layoffs, thanks to Trump's inability to manage this pandemic.
