On the recordAugust 12, 2022
Our Democrat colleagues are also falsely insisting this bill will not raise taxes on small businesses or households with incomes below $400,000. Yet, during Rules Committee debate on the bill, a Ways and Means Democrat admitted that households making less than $400,000 per year will see a tax increase in this bill. He was citing the nonpartisan analysis from JCT. Don't be fooled. This bill is not a plan to address inflation.





