Washington Times: Biden’s social welfare bill estimated to raise taxes 30% on middle class, cut them for millionaires
President Biden‘s mammoth social welfare and climate change bill is poised to raise taxes on the middle class, while giving lucrative breaks for the super-wealthy, according to a new study.
Nearly 30% of lower- and middle-class households would pay more in taxes starting next year if the bill became law, according to the study by the liberal-leaning Tax Policy Center, a project of the Brookings Institution and Urban Institute. The report is an in-depth analysis of the tax increases that House Democrats want to see included in the multitrillion-dollar legislation.
