Donald Trump warned Americans during the campaign that Joe Biden would serve as a puppet for the radical left.
The corporate media tried to claim Trump was lying.
But once again Trump was proven right because Joe Biden has some bad news for every American with this shock tax increase.
Joe Biden liked to say “show me your budget, and I’ll tell you what you value.”
Now Biden is being held to that standard.
The New York Times’s Jim Tankersley obtained an advanced copy of Joe Biden’s Fiscal Year 2022 budget and the document’s contents left jaws on the ground.
Biden proposed spending six trillion on socialist welfare programs and other left-wing priorities that would swell to over eight trillion dollars in ten years.
“Documents obtained by The New York Times show that the budget request, the first of Mr. Biden’s presidency, calls for total spending to rise to $8.2 trillion by 2031, with deficits running above $1.3 trillion throughout the next decade. The growth is driven by Mr. Biden’s two-part agenda to upgrade the nation’s infrastructure and substantially expand the social safety net, contained in his American Jobs Plan and American Families Plan, along with other planned increases in discretionary spending,” Tankersley reported.
The level of debt and spending Biden proposed would be the largest levels since World War 2.
“Total debt held by the public would more than exceed the annual value of economic output, rising to 117 percent of the size of the economy in 2031. By 2024, debt as a share of the economy would rise to its highest level in American history, eclipsing a World War II-era record,” Tankersley continued.
Tucked away in the budget was the line item revealing that Joe Biden would allow all the 2017 Trump tax cuts to expire in 2025.
“More: Biden budget assumes all expiring TCJA tax cuts — incl the ones for low- and middle-income indivs — do in fact sunset before 2026. Reflects the fact that Biden has not yet made a proposal to extend the cuts for earners under $400k,” Tankersley posted on social media.
During the campaign Joe Biden said he would not raise taxes on any American making less than $400,000 per year.
Biden already broke that promise by revealing that his tax plan would only raise taxes on households with a combined income of more than $400,000 dollars.
But this budget shows that Biden plans to raise taxes on every American in 2025.
Biden has not proposed any plan to extend the Trump tax cuts for Americans making less than $400,000 and this leaves many people concerned Biden plans to sock them with a massive tax bill in 2025.
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