That is what Politico is saying….
As Democrats seek to sell they are lowering taxes for lower and middle class Americans and raising taxes for the rich in his upcoming Health and Infrastructure Bill’s ….
Some of us who did NOT make anything close to $400,000 a year and don’t have kids at home anymore did NOT get a stimulus check….
Will some middle class tax payers get stiffed again?
…Democrats have slashed taxes too, mostly in the form of stimulus checks and tax credits.
“It was a big honking tax cut for low- and moderate-income people,” said Howard Gleckman, a senior fellow at the Tax Policy Center.
“It plays against type — Democrats are not supposed to cut taxes, Democrats are supposed to raise taxes.”….
…
Much of the tax cuts came in the form of stimulus checks, though Democrats also dramatically expanded the Child Tax Credit, beefed up a break for dependent care expenses and expanded the Earned Income Tax Credit. Unlike the 2017 cuts, all of those provisions were aimed at average Americans, with sharp income cutoffs.
…
“People didn’t think of the stimulus payment as tax cuts — no one talked about them that way,” said Gleckman.
Nonetheless, the checks were technically advanced rebates against the taxes people will pay in 2021.
Even if their income tax bills get wiped out, people still pay payroll taxes.
And thanks to the Democrats’ cuts, many more people this year will pay more in Social Security and Medicare payroll taxes than they do in income taxes. JCT figures 85 percent — including most earning up to $200,000 — will end up paying more in payroll taxes. That would be up almost 20 percentage points from 2019.
Not just that.
It also sees the government taking in more total revenue from payroll taxes than from income levies — something that hasn’t happened in at least 50 years….
Oh quit bitching.
The $400,000 figure didn’t have anything to do with the stimulus checks .That was the figure that those making less than ,would not be subject to higher taxes ,although at this point that’s merely a discussion figure as that legislation is not complete and may be subject to revisions.
It was well publicized the those making around 160,000 a year or more would not be eligible for a stimulus check..In my opinion that was too much . Should have been more like 100000 and should have been directly tied to vaccinations.
If you don’t like it ?Why not join the Republican Party . You often seem to have more in common with them anyway.