What’s Happening:

When Joe Biden ran for president, he vowed he wouldn’t raise taxes on people earning less than $400,000 a year. Democrat Sen. Joe Manchin had long promised not to raise taxes while inflation was so bad.

But this weekend, Manchin voted for the latest tax and spend bill, with Joe Biden ready to sign as soon as it passes in the House.

Both men broke their pledge not to raise taxes—and the backlash is coming in fast from Republican, voters and experts.

From Twitter:

During a recession and with inflation at a 41-year high, Democrats just passed a bill to spend over $700 billion, increase taxes and decrease energy production.

— Sen. Marsha Blackburn (@MarshaBlackburn) August 7, 2022

During a recession and with inflation at a 41-year high, Democrats just passed a bill to spend over $700 billion, increase taxes and decrease energy production.

The Democrats’ reckless tax and spending plan includes nearly $370 billion to fund the Green New Deal, $64 billion for Obamacare, and hundreds of billions in new taxes on American businesses and manufacturers.

Americans are already outraged that Biden broke his promise.

From The Federalist:

As the table makes clear, middle-class families with household incomes below $200,000 will see their taxes increase by more than $16.7 billion next year alone. When considering that households earning between $200,000 and $500,000 will pay another $14.1 billion in taxes, roughly half of the $54.3 billion in new taxes assessed under the bill will be paid by families earning less than $400,000 per year—whose taxes Biden pledged not to raise.

Joe Biden will soon sign into law a bill that will increase taxes for middle-class and working Americans.

Sen. Blackburn blasted Democrats for a bill that will also increase taxes on the energy sector, small businesses, healthcare, and manufacturers.

Democrat Sen. Joe Manchin had previously vowed not to support a bill that raises taxes during a period of historically bad inflation. Yet, he quickly signed off on Schumer’s plan, betraying his own state.

From Americans for Tax Reform:

With his vote for the Senate tax-and-spend reconciliation bill, Sen. Joe Manchin has officially broken his word to West Virginia…

In October 2010, in a nationally televised debate, Manchin said: “I don’t think during a time of recession you mess with any of the taxes, or increase any taxes.”

But Manchin supported a bill that raises taxes on nearly everyone. He is claiming it won’t because these taxes are hidden away with clever language.

Non-partisan groups have studied the bill, however, and discovered the man tax increases. Some of them include a $6.5 billion tax on natural gas.

A $12 billion tax on crude oil. Both of these will increase energy costs for all Americans.

There is another $1.2 billion tax on coal—West Virginia’s major industry. How will Manchin explain that to folks back home?

Then there’s the corporate income tax hike that will be passed on to Americans. Companies that experience increased taxes will lay off workers, outsource jobs, and increase prices on goods and services.

Biden and Manchin both broke their word to voters. And for what? So that the green lobbyists and foreign interests can make out like bandits.

Key Takeaways:

• Joe Biden and Sen. Joe Manchin broke their promises not to raise taxes.
• The latest Democrat spending bill will increase taxes for most Americans.
• It will also raise taxes on the energy sector and corporations, hurting Americans again.

Source: Twitter, ATR, ATR, The Federalist