FACT CHECK: Yes, Biden will Raise your Taxes

In an interview over the weekend, Democratic Presidential nominee Joe Biden falsely said that Americans making under $400,000 would not see a tax hike under his plans. This is demonstratively false, as evaluated by right and left-leaning think tanks alike.

• Five independent analyses have concluded that Biden would raise taxes on middle class Americans:
  • The Tax Policy Center concluded Biden’s “proposals would increase taxes on average on all income groups.”
  • The Tax Foundation concluded Biden’s plan would lead to higher taxes “across all income groups”
  • The American Enterprise Institute concluded that “households at every income level” would see higher taxes.
  • A Penn Wharton budget model analysis concluded that taxes would go up across all income levels
  • The Committee For A Responsible Federal Budget concluded that taxes would go up across all income levels.

• Biden’s formal tax plan doesn’t even include other taxes that Biden has endorsed, which would raise taxes on the middle class:

• • Biden has endorsed bringing back Obamacare’s individual mandate, a tax that primarily hit the middle class and lower income Americans.
  • Biden previously said he supported a carbon tax.

• Biden’s $4 trillion tax hike is more than double what Hillary Clinton proposed, and is the largest proposed tax hike in recent history.

• • Biden’s tax plan would shrink the economy and kill an estimated 585,000 jobs.