A Bi­den win could mean higher taxes

The Morning Call - - Town Square -

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.

Tom Heigl


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