Democrats Just Dug Their Own Midterm Graves
During his campaign for the presidency, Joe Biden made a commitment not to increase taxes on individuals with annual incomes of less than $400,000 dollars. Democrat Joe Manchin had long vowed that there would not be any tax increases as long as inflation remained so high.
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But over the past weekend, Senator Manchin cast his vote in favor of the most recent tax and spending measure, which President Joe Biden is prepared to sign as soon as it passes the House of Representatives. Both men violated their commitment to refrain from increasing taxes, and as a result, Republicans, voters, and tax experts are speaking out quickly against them.
Already, many in the United States are furious that Biden betrayed his commitment. A plan that will raise taxes for those in the middle class and working class in the United States will shortly be signed into law by Joe Biden. Sen. Blackburn has harshly criticized Democrats for their support of a package that will raise taxes not only on the manufacturing industry but also on small businesses, healthcare providers, and energy companies.
In the past, Democratic Senator Joe Manchin has stated that he would oppose any legislation that would raise taxes in the midst of a period of historically high inflation. Despite this, he was ready to give his approval to Schumer’s scheme, so abandoning his own state. However, Manchin voted in favor of a package that would increase taxes for the vast majority of people. He claims that it won’t happen since these taxes are buried deep inside the legalese of the statute.
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However, non-partisan organizations have conducted research on the plan and found that it will result in increased man taxes. Among these proposals is a levy on natural gas that would be worth $6.5 billion. A $12 billion tax on crude oil. The price of energy for all Americans will go up as a result of both of these factors.
Coal, which is West Virginia’s primary economic driver, is subject to an additional tax of $1.2 billion. How is Manchin going to justify it to the people in his home state? Then there is the increase in the corporate income tax that will be passed on to individuals in the United States. Companies that encounter a rise in taxes will reduce their workforce, increase the number of jobs they outsource, and raise the prices of the goods and services they offer. Both Biden and Manchin reneged on their commitments to the voters. However, for what? In order to ensure that environmentalists and other foreign interests come out ahead financially.