BRENDAN SMIALOWSKI/AFP via Getty Images A new report indicates that President Biden’s tax policies would decrease employment, wages, productivity, and long-term economic growth in the United States.
According to findings from the Tax Foundation, the President’s budget for 2022 — which incorporates the American Jobs Plan and American Families Plan — would lead to 60.7% of Americans paying higher taxes while only 29% benefit from tax cuts and credits.
Driven primarily by tax hikes on wealthy Americans, the average annual tax burden in the United States would rise by $1,190.On the campaign trail, Biden promised that Americans earning below $400,000 would […]
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