Congress made a liar out of Biden with Inflation Reduction Act: Tax expert – By Talia Kaplan (FOX Business) / Aug 9, 2022
Dems’ latest spending bill amounts to one of the biggest tax increases in decades
President of Americans for Tax Reform Grover Norquist blasted Joe Biden, accusing the president of lying to Americans as the Inflation Reduction Act hits the middle class with taxes – contrary to his pledge not to raise taxes.
“If you tax a corporation, who pays for it? Workers in lower wages,” he told “Mornings with Maria” on Tuesday, noting that consumers will be forced to pay more given higher prices will be a result of the legislation; investors in their 401(k) plans and Individual Retirement Accounts (IRA) will be facing lower stock prices because of the bill.
“This all hits middle-income Americans,” Norquist stressed. “The president knows that; he lied.”
The tax expert also accused Sen. Joe Manchin, D-W.V., of lying “when he said he wouldn’t support tax increases like this.”
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