Biden blasted for saying Cut Inflation Act won’t raise your taxes: ‘Don’t tell the truth’

Frustrated Twitter users expressed outrage at President Joe Biden’s latest tweet about his economic policy. He insisted that the Democrats’ new reconciliation bill, the Cut Inflation Act, would not raise taxes on anyone in the middle class.

His claim sparked a chorus of users accusing him of lying and pointing out exactly how the government spending bill would tax middle-class Americans.

On Wednesday evening, the president defended the recently passed Inflation Cut Act against claims that it would make life harder for the average American who has already suffered from high inflation for 40 years in a period traditionally defined as the onset of a recession.

Biden tweeted, “When we pass the Cut Inflation Act, not a single middle-class American will pay higher taxes. It’s as simple as that.”

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Although economists, such as EJ Antoni, a researcher at the Heritage Foundation, have argued that the law “would exacerbate Americans’ pain from inflation while simultaneously raising taxes,” Fox News Digital reported.

Antoni told Fox that the bill’s “$433 billion in prize money, most of which will be spent on climate provisions” will be “passed through to the consumer at every level, not just in the purchase of energy itself- same, but because energy affects everything we do and everything we buy”, essentially adding a tax to “everything else”.

This is just one of the ways we can see that he is raising taxes. Frustrated Twitter users blasted Biden’s tweet and mentioned other ways they think the Cut Inflation Act will raise taxes.

Arizona Republican state congressional candidate Christian Lamar responded to the president’s claim by tweeting, “How exactly will the 15% corporate tax rate increase reduce inflation? U.S. corporations will pass this tax cost on to U.S. consumers, causing higher inflation. The rise has been passed on to U.S. consumers as a 40-year high inflation.”

Film producer Errol Webber responded to Biden by saying, “Congress brought in the Cut Inflation Act, which is really just another ploy to tax Americans and spend endlessly on things. At some point, we have to stop asking who should pay more taxes, and focus on where all that money is going! Stop the madness!”

Economists and conservatives say the Cut Inflation Act will only increase the cost of everything for the average American.

“You’re just lying,” tweeted Brad Polumbo of the Washington Examiner, who also shared an article from his website contradicting Biden’s claims. In the article, the reporter explained that the law’s “$315 billion corporate tax” will be “borne by workers through lower wages.”

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He said: “Biden’s plan to extract $315 billion more from corporations actually means extracting hundreds of billions of workers – at the exact time when we can least afford it.”

Ned Ryun, senior fellow at American Greatness, wrote, “The Orwellian ‘Cutting Inflation Act’ is actually going to target the middle class through the IRS and grind it to dust if we’re not careful.”

Republican U.S. Congressional candidate for Maryland, Chris Palombi, remarked, “Just wait for his administration to change the definition of the middle class to get around this lie…”

“Inflation is already acting like a tax. It’s a lie. He’s trying to pass a law that he says is already fighting a tax hike. Nobody believes him,” said Stephen L. Miller, editor of head of the Spectator.

And Real Clear Investigations deputy editor Benjamin Weingarten blasted the Biden administration, tweeting, “How do you know the president is lying? His handlers’ tweets are stealing.”

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President Biden has come under fire from Twitter users who have argued that the government’s recently passed spending bill would raise taxes on the middle class.
(AP Newsroom)