John Cornyn: Inflation Reduction Act won’t reduce inflation, or taxes | Opinion
What is surprising, though, is how Democrats chose to react.
The middle class takes a hit, too. The median household income in Texas is roughly $64,000 a year, and many of those families will see their taxes go up because of this legislation. This flies in the face of President Joe Biden’s promise to never raise taxes on any family earning less than $400,000 a year.One of the signature pieces of this legislation is an electric vehicle tax credit.
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