Report: Biden’s tax plan is likely to hurt working-class Americans and small businesses

President-elect Joe Biden has big plans for American, and big plans mean big spending. The question, of course, is where will the money be coming from?

Breitbart reports Rep. Jason Smith (R-MO), the ranking member of the House Budget Committee, as stating that America will soon learn that Biden actually plans to “significantly raise taxes on working-class Americans.” 

Working-class Biden voters didn’t see this coming

The reason that Americans will soon learn is that February 1st is the deadline for the incoming Biden administration to submit its budget for the 2022 fiscal years. This all comes from a letter that Smith recently sent to Biden’s transition chair, Ted Kaufman.

There, Smith noted that Biden’s budget will be the “first true chance for the American people to see how the Biden Administration plans to pay for campaign promises and its plan to significantly raise taxes on working-class Americans to fund its agenda.”

The purpose of the letter was specifically to ask Biden and his team if they plan on meeting the February 1st deadline. Smith implied that Biden is trying to hide something from the American people.

Smith also has been a vocal opponent of the Democrats’ recent decision to create an exemption to a long-standing budgetary restraint on excessive government spending, something that they did specifically to be able to push for their climate change proposals.

“On only day two of the 117th Congress, House Democrats are already attempting to strip Americans of the transparency they deserve in order to push through an expensive progressive wish-list,” Smith said. “This exemption was designed as a mechanism to ram through socialist policies like the Green New Deal and other ideas aimed at hurting American workers, families, and farmers.”

Small businesses will be targeted

The Washington Examiner reports that Biden’s tax increases are likely to hurt small businesses, which, of course, are already struggling as a result of coronavirus lockdowns. It will do so, according to the Examiner, in at least two ways.

One is the so-called tax increase on the wealthy that Biden plans to implement. The wealthy is defined by Biden as those making over $400,000. But, as the Examiner points out, that is a number that some small businesses, particularly in big cities, are likely to meet.

On top of that, there is Biden’s proposal to raise the minimum wage to $15 an hour. The Examiner noted a previous government report that found that “1.3 million workers who would otherwise be employed would be jobless in an average week in 2025.”

And, let’s not forget that Sen. Bernie Sanders (I-VT) will be heading the Budget Committee, while Sen. Ron Wyden (D-OR), another proponent of high taxes, will be leading the Finance Committee.

Get ready to open up your wallets!

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36 Responses

    1. THE ONES THAT VOTED FOR THE DEMOCRATS BETTER DO A LOT OF PRAYING TO GOD. WE ARE ALL GOING TO REAP WHAT THEY SEWED AND IT IS NOT GOING TO BE GOOD. YOU WILL SEE MORE PEOPLE OUT OF WORK THAN EVER BEFORE IN AMERICA. YOU ASKED FOR IT SO ENJOY YOUR HARVEST.

      1. Plus higher gasoline prices & all the people working on the pipeline and inflation will go up up up and away! There is NO END in sight which will give our new president more headaches and in the end vice president Harris might have to replace him before the year is over!

    2. You are so right about that. I did my best to warn people that I know that were going to vote for Biden. Some people don’t have a lick of common sense. God Save the USA.

      1. common sense is just not so common anymore; as my late brother-in-law always said…..”YOU JUST CAN’T FIX STUPID!!!”

      1. Not buyer’s remorse, Cheryl D., but Biden’s remorse !
        I am a non-denominational CHRISTian that goes to Calvary Chapel and listens to the international CHRISTian Satellite Network CSNRADIO .com SEVEN days a week especially Monday – Friday. I even listened to it in Germany 🇩🇪 and Hungary 🇭🇺 !

        I LIVED IN, not just visited communist China 🇨🇳 in 2010 . So I KNOW how bad it is to live under communism and I am doing EVERYthing I can here to stop it from coming here. Venezuela WAS a wealthy, prosperous country until it became communist as a 3rd world country with people eating out of garbage cans !!! In China, I attended a university that not only can one get a master’s degree in Marxism, but it had a statue of Chairman Mao in its front yard.
        ( I was fortunate to stumble upon ONE toilet at the university. Every other restroom had stinky porcelain holes in the ground we had to squat over. Upon entering the front entrance to the university and near the plush 28 story building I lived in, the stench was so bad, you had to hold your nose. Electrical wiring hung from the ceiling of the two buildings too. )

        To quote Eskify, “ Through communist policies he starved millions of people, possibly as many as 80 million. He killed any intellectuals who disagreed with him, he put people in labour camps, and condoned beating and stoning people to death in struggle sessions.“

        I saw the plans of the left on their own letterhead paper to murder us, especially the seniors and disabled, and the vaccines 💉 is just one of the ways. ( To build your immunity, eat foods made from GOD like fresh fruits, fresh vegetables, and walnuts. Take a healthy vitamin-mineral drink, Zinc, Elderberry, Vitamin D-3, and Vitamin A daily. Get 8 hours of sleep daily and exercise. I don’t wear a mask because it’s unhealthy unless I am forced to in which case I wear an accepted face shield so that I can breathe AND I am trying to make a political and health statement by NOT wearing one. We are NOT cows waiting for the slaughter. We are humans who can reason. ) Read the first sentence of the Georgia Guidestones also known as Georgia Stonehenge supported by the left elitists .

        Go to Videos.Utahgunexchange .com and get
        “The Epic Times” at $1 for the first month.

        Patriots unite or we will lose our country like China , Cuba, and Venezuela did !!!

        1. It’s gone. We are going to live through some dark days. They are in the process of complete take over and 1/2 our country is clueless. Half our country believes the media is on their side. It will be a shock to them when they finally figure out they’ve been lied to.

    3. Too all the stupid people who bought in to the communists lie and there news propaganda machines CNN ABC all of them now youu idiots will see your pay check made smaller and dc gas for you car will be insane , what I say to 100 people who voted for him you just cant stupid !

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  2. ALL OF YOU PEOPLE WHO PUT THIS POS IN THE WHITE HOUSE ARE GOING TO BE SO SORRY THAT YOU DID THIS. WHEN YOUR TAXES GO UP AND HE DESTROYS YOUR IRAS ENDS OUR ENERGY INDEPENDENCE AND LETS ALL OF THESE LOUSY IMMIGRANTS IN TO TAKE YOUR JOBS. HE ALREADY HAS COST 8000 JOBS ON HIS 1ST DAY. GOOD LUCK BOZOS WITH THIS CROOKED LOSER AND HIS CRIME FAMILY

    1. You are so Right a very sad day for America. You really don’t think Biden is running our Country. It is Obumma’s 3rd term

    2. I hate to even think about what has been put in the Presidential election and also vice president. They are some evil people and I seen it from the beginning
      People will not listen until it hits them square in the face. So democrat voters it is coming to bite you in the butt.

  3. You stupid people that voted for these idiots in the White House I hope you get what you deserve and rott in hell

  4. what a sad sad day this is for america now that pile of horse manure biden is here to destroy us all. all of you fools that put him there will soon regret it in spades. this imbecile is the ruination of our country him and that scag are nothing but commie scum and you will find that out real soon. GOOD BYE AMERICA

  5. TIME TO START THE REVOLUTION TO PURGE THIS COUNTRY OF THESE DISGUSTING IDIOTS PUT IN THE WH. START WITH DESTROYING THE SOCIAL MEDIA COMPANIES (TWITTER FACEBOOK AMAZON ETC) THEN MOVE ON TO THE LIBERAL COMMIE BASTARDS STARTING WITH THAT CRIMINAL POS BIDEN AND WORK ON DOWN TILL THEY ARE ALL GONE FOR GOOD. IF WE DONT DO IT YOU CAN KISS AMERICA GOODBYE

    1. I totally agree what can we do to get started. I hate to say it but I don’t know what to do but wait because them democrat voters has put millions of lives at stake without checking out the fools they put in office.

  6. Biden and Harris have their agenda. God has His. If u believe in the God who uses all situations and man’s decisions for His purposes, then Biden and Harris become tools not in the leftists hands but God’s.

  7. Wiping out history is lessons not learned. Some 400 years ago boston harbor was filled with tea. The reason being was taxation without representation. Now the tax is gonna be implemented and the censorship is here. It seems as though history is gonna repeat itself.

  8. I laugh every time biden , the media, or any democrat says they want unity. I saw biden’s Unity on day one when he signed all those executive orders that not one intelligent, honest person thinks is good for our country.

    1. Phil, you covered a lot of ground in two short sentences! The Loon doesn’t know what Unity is–to his kind it’s just short for Gulag. Changing meanings of words are their only skillset.

    1. Absolutely right! Either they didn’t believe it or thought it couldn’t happen to them. It is going to be a long 4 yrs.

  9. Those of us with half a brain saw this coming. The Democrats are interested in power. They have lost sight of the fact that they work for us and not the other way around. We will see Biden out in less than one year and Harris in his place. This has been the plan along. Pelosi NEEDS to GO! She is a poison and no good for this country. I fear for my grandchildren having to grow up 8n this current environment.

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