Biden’s Stealth Tax Increase in the Stimulus Bill, Explained

Explained: Joe Biden’s Stealth $60 Billion Tax Increase

The vote featured no Republican support, which will now be sent to Biden’s desk for a signature, as it will become one of the largest relief packages in U.S. history.

Congress approved President Joe Biden’s sweeping $1.9 trillion coronavirus relief package on Wednesday in a starkly partisan 220–211 vote in the House, securing the Democrats’ first legislative win in a post-Trump era.

The vote featured no Republican support, which will now be sent to Biden’s desk for a signature, as it will become one of the largest relief packages in U.S. history. Only one Democrat, Rep. Jared Golden (Maine), rejected the legislation.

The bill will provide another round of direct payments of up to $1,400 based on income thresholds, an extension of additional unemployment benefits, billions of dollars for the distribution and manufacturing of coronavirus vaccines and aid for state and local governments, as well as for small businesses struggling due to the pandemic.

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The measure is “both an economic and political victory” for the Biden administration, as it’s the first major economic initiative the new administration has made since taking office amid a duo of seething crises.

Over $57 billion in hidden taxes lurking in Biden’s $1.9 trillion COVID relief bill

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