Posted on 08/12/2022 4:23:09 PM PDT by bitt
Democratic Rep. Richard Neal of Massachusetts suggested that the House would increase tax rates if his party remains in power following the upcoming midterm elections this fall, according to a congressional reporter.
Neal, the chairman of the House Ways and Means Committee, said Democrats, should they keep power in the House, will look to raise corporate and individual tax rates in 2023, according to a Bloomberg reporter.
The Inflation Reduction Act, a social spending and tax increase measure that is expected to pass in the House on Friday, includes a proposed expansion of the Internal Revenue Service (IRS).
The expansion includes an $80 billion boost to the IRS over a 10-year period, with more than half intended to help the agency crack down on tax evasion.
If the bill is passed, the money allotted would go toward filling 87,000 IRS positions, more than doubling the agency's current size. The Treasury Department says some of the new hires would replace 50,000 employees who are expected to retire in the next five years.
The measure passed in the Senate on Sunday along party lines, with Vice President Kamala Harris casting a tie-breaking vote, after it was introduced last month and agreed upon by Sen. Joe Manchin, D-W.Va., and Senate Majority Leader Chuck Schumer, D-N.Y.
President Biden repeatedly pledged on the campaign trail to not raise taxes on Americans earning less than $400,000.
(Excerpt) Read more at foxnews.com ...
This should gin up the votes.
Promise or threat?
Dem voters: “Oooo it feels so good. Hit me again harder.”
p
Republicans slam Dems’ plans to increase taxes again in 2023: ‘The left’s Holy Grail is tax hikes’
Ways and Means Committee Chairman Richard Neal said Democrats would aim to increase both corporate and individual taxes next year
2 min video
Boy, you just can’t make this stuff up!
It’s good that the Dems have become bold and honest about their intentions, unlike their predecessors in the 1980s and 1990s who used to lie about such things.
Dems to raise taxes?
These sure are surprising times!
/s ;)
We promise more misery for Americans if you vote for us!
When have Democrats ever done something to BENEFIT the citizens? To them we’re just a permanent ATM.
No price is too high for no more mean tweets.
They could care less about “ginning up votes” or if it appears that they will loose votes.
The cheating this November will be EPIC!
And once it is done, there will be no turning it back, no matter how outrageous it is.
What other conclusion can be draw with the happening of the past 2 years and this past primary season? Look how long it took to declare the winner in many primaries ... days, weeks?
As long as there is mail in balloting and drop boxes the are going to make sure they win.
I pray for this country to break apart and we can go our separate ways.
will look to raise corporate and individual tax rates in 2023,
And they have been looking for a message...looks like they found it.
These essobees don’t give it up, that’s for sure...
We need to make sure they never win anything again.
Inflation, crime, fentanyl, recession...and their plan is further stick it to the citizens. What a plan.
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