Rep. Bucshon Releases Statement on Democrats’ Plan to Increase Taxes on Hoosiers Making Less than $400,000 a Year
WASHINGTON– U.S. Congressman Larry Bucshon, M.D. (R-Ind.-08) issued the following statement after the Joint Committee on Taxation issued a report this week outlining the potential tax-related impacts of the Democrats’ proposed reconciliation bill, including heightened taxes on those making under $400,000. This bill, if codified, would directly contradict President Biden’s previous claims that he wouldn’t raise taxes for those who were making under $400,000 during his time in office.
“President Biden as well as House and Senate Democrats promised the American people they would not raise taxes for families with an annual income under $400,000. The facts are much different. Under the plan Democrats announced last week, middle and lower income Americans will see their taxes increase and be forced to send more of their hard-earned money to Washington. Government spending is already out of control and driving the worst inflation in over forty years. This reconciliation bill is just more of the same: tax the American people and use the money to fund a liberal agenda,” said Dr. Bucshon.