House reconciliation bill struggles with Biden’s flawed $400,000 tax pledge (Alan D. Viard, AEI)

October 20, 2021

During his successful presidential campaign last year, Joe Biden made a sweeping and misguided pledge about his tax plan: “Nobody making under 400,000 bucks would have their taxes raised, period, bingo.” The pledge’s flaws, which I have previously discussed, are on full display in the budget reconciliation bill recently assembled by the House Budget Committee. Some of the bill’s provisions depart from the principles of good tax policy to comply with the pledge, while others violate the pledge in an effort to follow tax policy principles.

House reconciliation bill struggles with Biden’s flawed $400,000 tax pledge | American Enterprise Institute – AEI

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

House reconciliation bill struggles with Biden’s flawed $400,000 tax pledge (Alan D. Viard, AEI)

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