The White House is denying that the over $700 billion spending bill being pushed by Manchin breaks President Biden's pledge to not raise taxes on families making less than $400,000 a year.
The JCT, which is made up of bipartisan lawmakers from both the House and Senate, has a different view. The group found that Americans making less than $10,000 per year would see a 0.3% tax hike starting in 2023.
Overall, starting in 2023 taxes will increase by $16.7 billion for Americans earning less than $200,000. "The more this bill is analyzed by impartial experts, the more we can see Democrats are trying to sell the American people a bill of goods," said Sen. Mike Crapo of Idaho, the top Republican on the Senate Finance Committee.
Republicans also note that the bill breaks a pledge Biden made while campaigning for the White House in 2020. During that campaign, Biden repeatedly stressed that he would not directly raise taxes on individuals making below $400,000. Instead, he claimed the tax burden would be borne entirely by those that could afford it most: the wealthy.
WASHINGTON, DC - OCTOBER 27: Sen. John Barrasso speaks alongside other Republican Senators during a press conference on rising gas an energy prices at the U.S. Capitol.CLICK HERE TO GET THE FOX NEWS APP "This bill will not raise taxes on anyone making less than $400,000 a year," said Biden. "And I promise — a promise I made during the campaign and one which that I ha- — that I’ve have kept."
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