Democrats’ Spending Bill Breaks Biden’s Tax Pledge, Analysis Finds
By PHILIP KLEIN
November 11, 2021 5:08 PM
https://www.nationalreview.com/corner/de...analysis-finds/


Rresident Biden has repeatedly claimed that his plans would not raise taxes on anybody making under $400,000 a year. But a new analysis from the Tax Policy Center — hardly a conservative source — finds that his signature Build Back Better plan would do just that.

“Taking into account all major tax provisions, roughly 20 percent to 30 percent of middle-income households would pay more in taxes in 2022,” according to the analysis. True, the analysis finds that the increases would be relatively small. “Among those with a tax increase, low- and middle-income households would pay an additional $100 or less …-- excerpt, rest at link above --

But, wait - from a leftist site:

Build Back Better would cut taxes for nearly all households next year, new report finds
Published Fri, Nov 12 202112:34 PM EST
Alicia Adamczyk@ALICIAADAMCZYK
new.php?thread=1007813&forum=3185&reply=1&replyid=48031


Nearly all income groups would see their tax bill drop in 2022, on average, if President Joe Biden signs the House Democrats’ latest version of the Build Back Better plan into law, a new analysis finds.

The report, from the Urban-Brookings Tax Policy Center (TPC), finds that when taking individual income tax and payroll tax changes into account, the bottom 80% of households would save between $700 to $830 on their tax bills next year, on average.

Meanwhile, those earning around $885,000 or more, the top 1% of households, would pay around $55,000 more in taxes in 2022. And those in the top 0.1% — those making $4 million or more — would pay an additional $585,000, per the report.

That said, when all major tax provisions are taken into account, it estimates around 20% to 30% of middle-income households would pay $100 or less, on average, in taxes in 2022.

There are other caveats to TPC’s analysis. -- excerpt, rest at link above --