Manchin-Schumer taxes would hit both rich and poor Americans

[This piece has been published in Restoring America to highlight how a new Democratic proposal would raise taxes on all Americans.]

President Joe Biden promised on Thursday that the so-called “Inflation Reduction Act” wouldn’t raise taxes on Americans making less than $400,000 a year. But, in fact, the bill would increase taxes collected from the American people by more than half a trillion dollars, affecting both rich and poor alike.