October 13, 2020

Washington Times: Spending plans by Biden, Trump would hike federal debt by $5 trillion over 10 years

media mention

Under his plan, 97% of the tax increases would fall on the top 1% of earners, according to new projections from the left-leaning Institute on Taxation and Economic Policy.

“Only 1.9% of taxpayers will see their income taxes or payroll taxes rise under Biden’s plan, and they will certainly not be the Americans who face eviction, lack health insurance, and wonder when they can go back to work,” said Steve Wamhoff, director of federal tax policy at the institute. Read more