Sen. Grassley Urges ‘Skepticism’ on Empty Biden Tax Vows

Rejecting Democrat presidential nominee Joe Biden’s tax plan, Senate Finance Committee Chairman Chuck Grassley, R-Iowa, said voters should be “skeptical” of Biden’s vow not to raise taxes on those who earn less than $400,000 annually.

“Their tax reform would be tax increases,” Grassley said in a 14-minute Senate floor speech Wednesday. “If they prevail in the upcoming election, they’ll seek to reduce and undo the 2017 tax law and impose trillions of dollars in tax hikes on individuals and businesses.”

Grassley addressed the skepticism, first by saying that during the first term of former President Barack Obama and Joe Biden, the pair also vowed not to raise taxes on lower-income Americans.


“That promise was tossed out the window,” Grassley said, pointing to those lower earners who were “80%” more likely to be hit by the Obamacare individual mandate tax penalty.

Also, struggling Americans will get hit by Biden’s plan to take richer Americans because “too often, such tax gets passed along,” according to Grassley.

Biden has proposed to increase the corporate tax rate that was cut to 21% by President Donald Trump back up to 28%.

“With the bulk of Mr. Biden’s tax agenda targeted at hiking taxes on capital, the consequences then will be felt throughout the economy in the form of lower wages, fewer jobs and slower economic growth,” he added.

Finally, Grassley noted, if Republicans are voted out of both houses of Congress and the White House, the 2017 middle-class tax cuts, set for 10 years, will be completely wiped out by 2026.

“A top priority for President Trump and the Congressional Republicans has been to make permanent the middle-class tax cuts that were enacted in 2017,” Grassley said.
Speaking About News

Related Posts:
Will Any Anti-Trump Story Hold Up?

Derek Hunter, No profession loves themselves like journalists love themselves. After all, they “write the first draft of history.” However, as with any writing, history gets its say as well, and Read more

BLM: Beijing’s Lies Matter

Joseph Hippolito, Chinese communists nurture BLM to destabilize America. One year after George Floyd died in the custody of Minneapolis police, one year after riots ravaged the nation in his Read more

No, Western Culture Is Not About “White Supremacy”

Rob Jenkins, Chief among the Big Lies currently being promulgated by the American Left is that Western culture is inherently racist, a manifestation of White Supremacy. This is not only Read more

If you’ve been watching, you already know the media is a simmering cesspool

Kurt Schlichter, Thank goodness we have licensed regime-approved journalists to tell us what is true and debunk what is not. Leveraging their extensive life experience as first college students, then Read more

Please Share: