calls for extending those tax cuts “in a fiscally responsible manner” by using new tax increases on wealthy people and large corporations to offset the budget-deficit
increases that extended tax cuts would create. The cuts expanded the standard deduction and lowered tax rates for all income groups and will lapse after 2025 unless Congress acts.
$100k doesn’t go very far today. Average new car costs $42k, median house $375k, one year of kids college tuition is $23k plus room and board. So, these three alone eat up about $75k/yr. That makes it tough to make ends meet
This is always an annoying topic for discussion. I mean there are few things on earth more fundamentally irritating and insufferable than someone who makes 6 figures arguing that they're 'middle class' ('struggling' or 'hurting' even!) and therefore need a tax cut
The only thing Biden has done right.
Easy…reduce the tax cuts for big business.
Ok but what if he did that WITHOUT continuing a massive tax cut to rich families that they neither need or frankly deserve (by taking the threshold from a whopping $400k down to, like, $80k or something similarly reasonable)
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