Joe Biden has been on a tear of lies lately.
Yesterday, he claimed his “Build Back Broke” bill will “lower costs for American families” by raising taxes on “those at the top.”
My Build Back Better Act will lower costs for American families and give folks a little bit of breathing room — and it’s paid for by ensuring those at the top pay their fair share in taxes.
— President Biden (@POTUS) November 14, 2021
Let’s get this passed.
Today, he actually claimed it will “cut taxes for the middle class.”
American families across the country are facing rising costs on everything from gas to groceries.
— Joe Biden (@JoeBiden) November 15, 2021
The Build Back Better Act will lower costs for health care, child care, and elder care—and cut taxes for the middle class. Let’s pass it.
Both of these tweets are lies—“Build Back Broke” does the exact opposite.
It doesn’t “cut taxes for the middle class”—it raises taxes on 30% of middle class families.
It doesn’t “ensur[e] those at the top pay their fair share”—it cuts taxes for two-thirds of millionaires by raising the cap on the State and Local Tax deduction (SALT).
Those aren’t the only problems with this bill. According to the Penn-Wharton Budget Model, if his dangerous agenda is made permanent, by 2050 it would shrink the economy by 2.9 percent, explode the national debt by 24.4 percent, cut wages by 1.7 percent, and cut workers’ hours by 1.3 percent.
You know this is a bad bill when Joe Biden is forced to so blatantly lie about it.
