A Biden win could mean higher taxes
Vote for presidential candidate Joe Biden and it’s going to cost you thousands of dollars. Biden/ Harris will repeal Trump’s Tax Cuts and Jobs Act of 2017. A family of four making $73,000 annually is seeing a 60% federal tax reduction totaling $2,058. It doubled the child tax credit from $1,000 to $2,000, giving 22 million families tax relief.
The standard single deduction was doubled from $6,000 to $12,000 and from $12,000 to $24,000 for a family.
Workers across the country have seen increased take-home pay, new or expanded education and adoption programs, while consumers are seeing lower utility bills.
If you’re against these things and want them to go away, then Biden/Harris is your team.