{"id":1610468,"date":"2022-08-17T10:49:02","date_gmt":"2022-08-17T14:49:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1610468"},"modified":"2022-08-17T10:49:04","modified_gmt":"2022-08-17T14:49:04","slug":"critics-arent-buying-bidens-pledge-that-americans-earning-under-400000-wont-pay-a-penny-more-in-taxes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/critics-arent-buying-bidens-pledge-that-americans-earning-under-400000-wont-pay-a-penny-more-in-taxes\/","title":{"rendered":"Critics Aren\u2019t Buying Biden\u2019s Pledge That Americans Earning Under $400,000 Won\u2019t Pay a \u2018Penny More\u2019 in Taxes"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcritics-arent-buying-bidens-pledge-that-americans-earning-under-400000-wont-pay-a-penny-more-in-taxes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1610468&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President <a href=\"https:\/\/www.theepochtimes.com\/t-joe-biden\">Joe Biden<\/a> said after signing the <a href=\"https:\/\/www.theepochtimes.com\/t-inflation-reduction-act\">Inflation Reduction Act<\/a> that no Americans making under $400,000 per year will pay more <a href=\"https:\/\/www.theepochtimes.com\/t-taxes\">taxes<\/a> despite the bill giving the IRS a massive cash injection for enforcement, prompting a flurry of criticism arguing that Biden\u2019s pledge holds no water and that the tax agency will squeeze middle-income households harder.<\/p>\n<p>Biden said at an Aug. 16 signing ceremony at the White House that the bill will be one of the \u201cmost significant laws in our history\u201d and that households earning less than $400,000 per year will \u201cnot pay a penny more\u201d in federal taxes.<\/p>\n<p>But skepticism runs deep regarding Biden\u2019s claim, especially among Republicans.<\/p>\n<p>\u201cToday, amidst record inflation and after entering a recession, Joe Biden signed a bill which: continues reckless spending, raises your taxes, expands IRS audits, fails to tackle inflation,\u201d Rep. Nancy Mace (R-S.C.) said in a statement, adding that \u201cBiden pinky promises\u201d the Inflation Reduction Act won\u2019t have any of the impacts she listed, adding, \u201cbut who still believes his PR spin?\u201d<\/p>\n<p> \u2018Higher Taxes, Higher Energy Bills, Aggressive IRS Audits\u2019 <\/p>\n<p>Democrats argued during a debate last week on the House floor that the Inflation Reduction Act would bring much-needed relief for soaring prices by lowering costs for American households.<\/p>\n<p>Later, following passage of the bill, Senate Majority Leader Chuck Schumer (D-N.Y.) <a href=\"https:\/\/www.democrats.senate.gov\/dpcc\/press-releases\/schumer-statement-on-inflation-reduction-act-heading-to-president-bidens-desk\">said in a statement<\/a> that \u201cDemocrats got it done!\u201d and \u201cshowed we can deliver real change that matters to everyday Americans.\u201d<\/p>\n<p>Schumer argued that the measure \u201cwill lower costs for middle-class families, close tax loopholes for the rich and big corporations, take the most significant action ever to fight the climate crisis, and create good-paying jobs.\u201d<\/p>\n<p>Republicans, none of whom supported the reportedly $740 billion bill, have panned the measure as inflationary.<\/p>\n<p>\u201cDemocrats robbed Americans last year by spending our economy<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden said after signing the Inflation Reduction Act that no Americans making under $400,000 per year will pay more taxes despite the bill giving the IRS a massive cash injection for enforcement, prompting a flurry of criticism arguing that Biden\u2019s pledge holds no water and that the tax agency will squeeze middle-income households [\u2026]<\/p>\n","protected":false},"author":118,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1610468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1610468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1610468"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1610468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1610468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1610468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1610468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}