Opinion: Biden’s Tax Whopper
Share
[aggregation-styles]
The Wall Street Journal Subscription
The Wall Street Journal Subscription
Joe Biden got a pass from the media for the myriad whoppers he told about his policies in Thursday night’s town hall. But one that we can’t let slide was his claim that he only intends to make people earning more than $400,000 “pay what they did in the Bush Administration—39.6%.”
Where to begin? The Bush tax cuts in 2001 and 2003 cut the top individual tax rate to 35% from 39.6%. A 2012 deal between the Obama Administration and House Republicans extended the Bush tax cuts for the middle class while returning the top rate.
By The Editorial Board | 16 Oct 2020
RELATED TOPICS:
Fresno High-Speed Chase Ends in Arrests After Crash, Standoff
Crime /
6 hours ago
NFL Commish Calls Chiefs Conspiracy Theory ‘Ridiculous’ but Terrell Owens Floats One
Sports /
7 hours ago
Estee Lauder to Cut up to 7,000 Jobs as Sales Slide
Business /
7 hours ago
Visalia Police Arrest Three, Seize Ghost Gun and Drugs
Local /
8 hours ago
Mexico Deploys 10,000 National Guard Members to US Border: What to Know
Politics /
8 hours ago
Hawaii Volcano Produces Tall Lava Fountaining in Latest Episode of Kilauea Eruption
News /
10 hours ago
Judge Says Fresno Can Change Street Names: Cesar Chavez Blvd Lawsuit Tossed
Shortly after renaming eight miles of streets in south Fresno to honor labor organizer Cesar Chavez, a group of business owners and resident...
Local /
5 hours ago
Categories
Latest
Videos
Local /
5 hours ago
Judge Says Fresno Can Change Street Names: Cesar Chavez Blvd Lawsuit Tossed
World /
6 hours ago
The Aga Khan, Spiritual Leader of Ismaili Muslims and a Philanthropist, Dies at 88
Crime /
6 hours ago
Fresno High-Speed Chase Ends in Arrests After Crash, Standoff
Sports /
7 hours ago
NFL Commish Calls Chiefs Conspiracy Theory ‘Ridiculous’ but Terrell Owens Floats One
Business /
7 hours ago
Estee Lauder to Cut up to 7,000 Jobs as Sales Slide
Local /
8 hours ago