Ads Distort How Much Biden’s Tax Plans Could Cost ‘Your Family’

The 2022 budget proposed by President Joe Biden would redistribute income, hitting high-income earners with tax increases and providing refundable tax credits to low- and middle-income Americans.

Ads from the conservative Club for Growth targeting nine vulnerable Democrats and one centrist Republican in the House, however, distort the impact of the Biden plan on taxpayers, warning that Biden’s plan “could cost your family” thousands or even tens of thousands of dollars. It could, but it probably won’t.

In the first year of Biden’s proposed budget, 2022, nearly nine out of 10 households would see a tax cut, according to the Tax Policy Center. By the 10th year, 2031, only a quarter of households would be getting a tax cut, but still, most households would, on average, see a tax increase of $430 or less.

Those with very high incomes, specifically the less than 1% of Americans making over $1 million per year, would bear the majority of the tax increases. Those people could, on average, see tax increases in the hundreds of thousands of dollars.

The ads from Club for Growth also cherry-pick data