March 4, 2022
Biden blatantly lied about Trump’s tax cuts
By Chris Talgo
While delivering his State of the Union speech on March 1, President Biden was less than honest with the American people about many things.
For example, Biden said his Build Back Better bill would reduce inflation and the annual deficit, claiming, “My plan to fight inflation will lower your costs and lower the deficit. 17 Nobel laureates in economics say my plan will ease long-term inflationary pressures. Top business leaders and most Americans support my plan.”
Sorry, but spending trillions of dollars that would need to be borrowed or printed would increase the deficit and inflation. One need not be a Nobel laureate in economics to understand that basic principle.
Yet, Biden’s blunder on the potential effects of Build Back Better pale in comparison to his outright lie regarding his predecessor’s tax cut.
In 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA), which lowered income taxes for all Americans and reduced the corporate income tax rate as well.
more
https://www.americanthinker.com/blog/2022/03/biden_blatantly_lied_about_trumps_tax_cuts_.html
