{"id":2231526,"date":"2024-04-27T12:00:03","date_gmt":"2024-04-27T16:00:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/utter-devastation-biden-promises-trumps-tax-cuts-are-dead-parents-to-lose-thousands\/"},"modified":"2024-04-27T12:03:09","modified_gmt":"2024-04-27T16:03:09","slug":"utter-devastation-biden-promises-trumps-tax-cuts-are-dead-parents-to-lose-thousands","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/utter-devastation-biden-promises-trumps-tax-cuts-are-dead-parents-to-lose-thousands\/","title":{"rendered":"Complete Destruction: Biden Vows End of Trump&#8217;s Tax Cuts &#8211; Parents Face Huge Losses"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/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%2Futter-devastation-biden-promises-trumps-tax-cuts-are-dead-parents-to-lose-thousands%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=2231526&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>Joe Biden&#8217;s economic policies have intensified challenges for middle- and lower-income Americans. Biden vows to eliminate Trump&#8217;s tax cuts permanently, potentially burdening citizens with increased taxes. Contrary to the benefits of Trump&#8217;s tax\u200c cuts, Biden proposes the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-unveils-2t-infrastructure-plan-tax-increases\/\" title=\"Biden unveils T infrastructure plan, tax increases\">largest tax hike<\/a> in U.S. history. This move \u200bthreatens to impact all Americans,\u200c including \u200bthose with 401Ks, retirement savings, and homeowners planning to sell. Biden&#8217;s tax plans also target capital gains, potentially\u200b imposing a 44.6% tax rate, the highest in U.S. history, and\u200d introducing an &#8220;unrealized capital gains&#8221; tax. Embracing these changes could lead to a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elizabeth-warren-pushes-to-finalize-cfpbs-proposed-decrease-to-credit-card-fee-limit\/\" title=\"Elizabeth Warren urges for swift approval of CFPB's credit card fee limit reduction.\">significant financial impact<\/a> on individuals, raising questions about the fairness of such tax policies under the\u200c Biden administration.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<header> <a href=\"https:\/\/www.westernjournal.com\/commentary\/\">  Commentary <\/a>   <span> <\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/igcolonel\/\">  <\/a> <\/p>\n<p> <span>   By <a href=\"https:\/\/www.westernjournal.com\/author\/igcolonel\/%20\"><span>Warner Todd Huston<\/span><\/a> <\/span> <span>   April 27, 2024 at 8:10am <\/span> <\/span>  <\/header>\n<section>\n<p>Even as his <a href=\"https:\/\/www.westernjournal.com\/residents-joe-bidens-hometown-blast-economy-sucks\/\" target=\"_blank\" rel=\"noopener\">economic policies<\/a> have made life harder for every middle- and lower-income American, Joe Biden is now pledging to make it all even worse by making sure the tax cuts put in place by former President Donald Trump will be \u201cdead forever\u201d if he is re-elected.<\/p>\n<p>Biden made this promise to <a href=\"https:\/\/www.westernjournal.com\/biden-unintentionally-concedes-trump-tax-cuts-working-treasury-sees-record-revenues\/\" target=\"_blank\" rel=\"noopener\">raise everyone\u2019s taxes<\/a> during his comments at the North America\u2019s Building Trades Unions National Legislative Conference held Wednesday in Washington, D.C., where he promised to raise the burden on the American people if he is re-elected in November.<\/p>\n<p>During his <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2024\/04\/24\/remarks-by-president-biden-at-the-north-americas-building-trades-unions-national-legislative-conference\/\" target=\"_blank\" rel=\"noopener\">comments<\/a>, Biden said, \u201cLook, now Trump is saying if he gets elected, he wants to give another \u2014 by the way, that tax credit of his expires next year. Okay? Well, let me tell you something: It\u2019s going to stay expired and dead forever if I\u2019m re-elected.\u201d<\/p>\n<p>But as the Republican National Committee noted in its X post about <a href=\"https:\/\/www.youtube.com\/watch?v=KAgOKVT5yck\" target=\"_blank\" rel=\"noopener\">Biden\u2019s proclamation <\/a>, \u201c[Around 90 percent] of Americans saw their take-home pay INCREASE in the year following President Trump\u2019s tax cuts.\u201d But despite this, \u201cBiden is currently proposing the largest tax hike in U.S. history.\u201d<\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">Biden says President Trump\u2019s successful tax cuts will be \u201cexpired and dead forever\u201d if he wins.<\/p>\n<p>FACT: ~90% of Americans saw their take-home pay INCREASE in the year following President Trump\u2019s tax cuts.<\/p>\n<p>FACT: Biden is currently proposing the largest tax hike in U.S. history. <a href=\"https:\/\/t.co\/sXNp7jnrwr\">pic.twitter.com\/sXNp7jnrwr<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1783178850869891534?\">April 24, 2024<\/a><\/p>\n<\/blockquote>\n<p>You don\u2019t even have to believe the Republican Party. Even liberal political news outlet <a href=\"https:\/\/thehill.com\/homenews\/4530402-trump-tax-cuts-set-to-expire-will-you-be-affected\/\" target=\"_blank\" rel=\"noopener\">The Hill<\/a> pointed out that Biden is proposing a huge tax increase on middle- and lower-income earners if the Trump plan is not renewed by Congress.<\/p>\n<p>The Hill said that <a href=\"https:\/\/www.westernjournal.com\/harvard-us-treasury-economists-forced-admit-trump-tax-cuts-worked-advertised\/\" target=\"_blank\" rel=\"noopener\">Trump\u2019s Tax Cuts and Jobs Act<\/a> lowered the tax rate for almost all Americans.<\/p>\n<p>\u201cThose married filing a joint return in a 12% tax bracket ($22,001 to $89,450) will increase to 15%,\u201d said tax advisor Joshua Youngblood. \u201cThose in a 22% tax rate ($89,451 to $180,000) will increase to 25% from 22%.\u201d<\/p>\n<div id=\"firefly-poll-container\">\n<p>Is there anything Biden won\u2019t tax?<\/p>\n<\/p><\/div>\n<p>\u201cFamilies will also see the child tax credit, which was doubled to $2,000 under the TCJA, revert to $1,000 per child,\u201d The Hill added.<\/p>\n<p>Biden is also <a href=\"https:\/\/home.treasury.gov\/system\/files\/131\/General-Explanations-FY2025.pdf\" target=\"_blank\" rel=\"noopener\">proposing<\/a> to raise taxes on <a href=\"https:\/\/www.westernjournal.com\/7-devastating-economic-stats-prove-biden-economy-failing-american-people\/\" target=\"_blank\" rel=\"noopener\">capital gains<\/a>, so if you sell your house, for instance, he wants to sock you with more taxes.<\/p>\n<p>He doesn\u2019t just want a little <a href=\"https:\/\/www.westernjournal.com\/biden-gets-painful-economic-news-day-state-union-february-layoffs-surge-highest-level-15-years\/\" target=\"_blank\" rel=\"noopener\">tax hike<\/a>, either. He wants to slam Americans with a whopping <a href=\"https:\/\/watcher.guru\/news\/president-biden-calls-for-44-6-capital-gains-tax-rate\" target=\"_blank\" rel=\"noopener\">44.6 percent tax rate<\/a>, the highest in U.S. history.<\/p>\n<p>Even more unfairly, he wants to institute an \u201cunrealized capital gains\u201d tax, too. That means if you have stock that goes up during your tax year, you will be taxed on that higher stock price, even if you don\u2019t sell it. And even if the stock goes down in the next year, at that!<\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">\ud83c\uddfa\ud83c\uddf8 President Biden proposes a 44.6% capital gains tax, the highest in history.<\/p>\n<p>The proposal also includes a 25% tax on unrealized gains for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/seven-in-ten-millionaires-hesitant-to-leave-fortunes-with-their-lazy-children\/\" title=\"Seven In Ten Millionaires Hesitant To Leave Fortunes With Their \u2018Lazy\u2019 Children\">high-net-worth individuals<\/a>. <a href=\"https:\/\/t.co\/ebiYWfO9Oj\">pic.twitter.com\/ebiYWfO9Oj<\/a><\/p>\n<p>\u2014 Watcher.Guru (@WatcherGuru) <a href=\"https:\/\/twitter.com\/WatcherGuru\/status\/1783213379198345452?\">April 24, 2024<\/a><\/p>\n<\/blockquote>\n<p>How it is that Biden thinks it is fair to tax you on something you didn\u2019t actually earn is another question.<\/p>\n<p>These kinds of attacks on Americans do not only affect \u201c<a href=\"https:\/\/www.westernjournal.com\/left-wrong-century-data-shows-net-result-taxing-rich\/\" target=\"_blank\" rel=\"noopener\">the rich<\/a>.\u201d They affect anyone who has a 401K, retirement savings or a home they want to sell.<\/p>\n<p>Of course, all this probably sounds pretty good to Biden\u2019s compatriots at the World Economic Forum, which recently put out a <a href=\"https:\/\/www.facebook.com\/watch\/?v=10153920524981479\" target=\"_blank\" rel=\"noopener\">video<\/a> explaining its goals for the future, the first of which is,\u201dYou\u2019ll own nothing and you\u2019ll be happy.\u201d<\/p>\n<p>The <a href=\"https:\/\/www.westernjournal.com\/biden-calls-record-high-taxes-closing-50-rate\/\" target=\"_blank\" rel=\"noopener\">destruction<\/a> of American wealth needs to be defeated at all costs. That is why it is so important to defeat Joe Biden and his cabal of anti-human, anti-American autocrats who wish to destroy our standard of life and make all Americans poorer.<\/p>\n<hr>\n<div>\n<p><b><i>A Note from Our Deputy Managing Editor:<\/i><\/b><\/p>\n<p><i><span>\u201cWe don\u2019t even know if an election will be held in 2024.\u201d Those 12 words have been stuck in my head since I first read them. <\/span><\/i><\/p>\n<p><i><span>Former Lt. Gen. Michael Flynn recently made that comment to Floyd Brown, founder of The Western Journal. <\/span><\/i><\/p>\n<p><i><span>And if the leftists and the elites get their way, that\u2019s exactly what will happen \u2014 no real election, no real choice for the Electoral College, and no real say for the American people. <\/span><\/i><\/p>\n<p><i><span>The Western Journal is fighting to keep that from happening, but we can\u2019t do it alone.<\/span><\/i><\/p>\n<p><i><span>We work tirelessly to expose the lying leftist media and the corrupt America-hating elites.<\/span><\/i><\/p>\n<p><i><span>But Big Tech\u2019s stranglehold is now so tight that <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>without help<\/span><\/i><\/a><i><span>  from you, we will not be able to continue the fight. <\/span><\/i><\/p>\n<p><i><span>The 2024 election is literally the most important election for every living American. We have to unite and fight for our country, otherwise we will lose it. And if we lose the America we love in 2024, we\u2019ll lose it for good. Can we <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>count on you<\/span><\/i><\/a><i><span>  to help? <\/span><\/i><\/p>\n<p><i><span>With you we will be able to field journalists, do more investigative work, expose more corruption, and get desperately needed truth to millions of Americans. <\/span><\/i><\/p>\n<p><i><span>We can do this only with your help. Please don\u2019t wait one minute.<\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>  Donate right now<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n<p><i><span>Thank you for reading,<\/span><\/i><\/p>\n<p><i><span>Josh Manning<\/span><\/i><\/p>\n<p><i><span>Deputy Managing Editor<\/span><\/i><\/p>\n<p><i><span>P.S. Please <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>stand with us<\/span><\/i><\/a><i><span>  today.<\/span><\/i><\/p>\n<\/p><\/div>\n<div id=\"author-info-43\">\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/igcolonel\/\">  <\/a> <\/p>\n<div>\n<p><label for=\"summary-tab-radio-43\">Summary<\/label><label for=\"more-info-tab-radio-43\">More<span> Biographical Information<\/span><\/label><label for=\"posts-tab-radio-43\">Recent<span> Posts<\/span><\/label><label for=\"contact-tab-radio-43\" onclick=\"if( typeof grecaptcha=='undefined' ) { let cap_s=document.createElement( 'script' ); cap_s.src='https:\/\/www.google.com\/recaptcha\/api.js?render=6LeJFcsUAAAAAPsIEqvB1EebWbZfqRUe6ebMpGy7'; document.body.appendChild( cap_s ); }\">Contact<\/label><\/p>\n<div>\n<p>Warner Todd Huston has been writing editorials and news since 2001 but started his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/byron-donalds-takes-shot-at-host-of-the-view-dares-panel-to-invite-him-on-as-a-guest\/\" title=\"Byron Donalds Takes Shot at Host of 'The View,' Dares Panel to Invite Him On as a Guest\">writing career penning articles<\/a> about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN and several local Chicago news programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a &#8220;target-rich environment&#8221; for political news. Follow him on Truth Social at @WarnerToddHuston.<\/p>\n<\/p><\/div>\n<div>\n<p>  Warner Todd Huston has been writing editorials and news since 2001 but started his writing career penning articles about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN and several local Chicago news programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a &#8220;target-rich environment&#8221; for political news. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a commentary by Warner Todd Huston on April 27, 2024, at 8:10 am, Joe Biden&#8217;s economic decisions have escalated difficulties for middle- and lower-income Americans. Biden&#8217;s recent commitment aims to exacerbate the situation by permanently eliminating the tax cuts implemented by former President Donald Trump, further burdening individuals financially<\/p>\n","protected":false},"author":180,"featured_media":2231527,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/04\/Biden-tax-hikes.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2231526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/04\/Biden-tax-hikes.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2231526","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\/180"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2231526"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2231526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2231527"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2231526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2231526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2231526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}