Senate Democrats pushed back Monday against claims from Republicans that the Inflation Reduction Act would raise taxes on most Americans, saying the bill only impacted corporations.
Democrats scrambled Monday to downplay a nonpartisan assessment of their inflation bill showing it would lead to nearly every American paying higher taxes.would fulfill President Biden's promise not to tax Americans who earn less than $400,000 per year and instead tax large corporations. Over the weekend, Republicans published a Friday analysis from the Joint Committee on Taxation showing that most Americans would pay higher taxes under the legislation.
Sen. Ron Wyden, D-Ore., is pictured alongside Sens. Elizabeth Warren, D-Mass., and Angus King, I-Maine, on Oct. 26, 2021.would see their tax rate increase
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