It would violate President Biden’s pledge that the massive $3.5 trillion price tag would not raise taxes for working-class Americans.

• Democrats’ promise that “no family making under $400,000 a year will pay a penny more in taxes” is patently false.
• The Build Back Better Act includes trillions in tax increases, and the official scorekeepers confirm that taxes would go up for middle-income Americans earning $30,000 or more per year.

The tax hikes would make America less competitive. The bill would increase the federal corporate tax rate to 26.5%, which would be even higher than the 25% corporate tax rate imposed by the Communist Party of China.

These taxes would be felt directly by all Americans as the result would be lower wages, higher prices, and lost jobs.

Resources:

• Biden’s Taxes Hit Americans at the Top and Bottom (October 8, 2021)
• Will Biden’s Spending Bill Hike Taxes on Those Making Less Than $400,000? (October 4, 2021)
• Biden’s Absurd “Zero Cost” Claim—$3.5T Is Real Money and It’s Coming Out of Your Pocket (October 4, 2021) 
• 8 Things You Need to Know About Democrats’ Tax Increase Bill (September 17, 2021)
• How Democrats Plan to Hike Taxes to Pay for $3.5 Trillion in Spending (September 13, 2021)
• Biden Making a Veiled Bid for Your Paycheck (September 10, 2021)
• 9 Things You Need to Know About the Budget Resolution’s Reckless Tax and Spending Spree (August 10, 2021)
• The Biden Administration Signs America on to a Global Tax Cartel (June 16, 2021)
• Biden’s Business Tax Hikes Would Be a Self-Inflicted Mistake for America (April 26, 2021)
• President Biden’s Corporate Tax Increase Would Reduce Wages, Harm Economic Growth, and Make America Less Competitive (April 20, 2021)
• Tax Increases Would Reverse the Success of Trump’s Tax Cuts (April 5, 2021)
• Biden’s Proposed Tax Increases Would Be Largest Since LBJ’s in 1968 (March 18, 2021)