Study: Non-wealthy to benefit most from Biden's tax and spending plans, especially in red states

For those who aren’t policy wonks—and who somehow can’t decide whether Joe Biden is a compassionate family man or a rapacious baby’s blood aficionado—it can be difficult to suss out the real benefits of Biden’s recent economic proposals. Luckily, new analysis from the Institute on Taxation and Economic Policy (ITEP) spells out the pluses (for the vast majority of Americans) and the minor minuses (for the ultra-wealthy) pretty clearly.

Remember when Donald Trump was ceaselessly promoting his 2017 tax scam? At one rally, he stood smugly—his sweat glands hissing and churning like berserk wolverines caught on jumbo glue traps—and lied his arse off about who would benefit from his plan.

“We’re targeting relief to working families,” the fake Santy Claus lied. “We will make sure benefits are focused on the middle class, the working men and women, not the highest-income earners.”

Trump even personalized his message, insisting, “It’s not good for me, believe me.” Needless to say, those were lies—and brazen ones at that.

  • May 4, 2021