Biden's unsurprising "embrace" of Tax Day

Unfortunately, Democrats embracing higher taxes isn’t new or “surprising.” Biden has already raised the tax burden on millions of Americans, but it’s absurd he thinks the taxes in his budget are something to brag about.

Here are the facts. If passed, his budget would:

• Slam Americans with at least a dozen tax hikes totaling “$4.7 trillion in new and expanded taxes.”
• Increase the business tax rate to 28 percent, which the Tax Foundation estimates will kill 129,000 jobs, shrink the economy, and cut wages for low-income Americans.
• Lower after-tax income by an average of $2,300 next year.
• Raise the tax burden on over 111 million Americans making under $410,000 according to the Tax Policy Center, a violation of his campaign promise.
  • TPC: “Overall, Biden's tax provisions would reduce after-tax incomes for nearly two-thirds of households.”
• Levy higher taxes on 75% of middle-income taxpayers.

And next tax season is already shaping up to be more of a nightmare. Biden’s supercharged IRS will lead to hundreds of thousands of new middle-class audits, and his new cash app shakedown will result in as many as 4 million new tax forms for small businesses.

So the Biden White House is right on one thing: He sure is embracing Tax Day, and that’s bad news for middle-class families.