Co-host of “The Big Money Show” on Fox Business Taylor Riggs joins Fox Across America With guest host Paul Gleiser to share her thoughts on President Biden’s pledge to allow the tax cuts put in place by former President Trump to sunset at the end of 2025 should he win re-election in November.
“He campaigned on, I will not raise taxes on people making less than $400,000. But if you let the Trump tax cuts expire, you are effectively raising taxes on everyone, including people who are making less than $400,000. So he won’t frame it that way. He’ll say, oh, I just let the cuts expire. But effectively, people under that income bracket will be paying more. I brought some data for you. If you’re a, married filer and you have two kids making $85,000 a year, you will now be paying an additional almost $1,700. You’re a married filer. You’ve three kids, you’re making about $200,000 a year. You’re going to be paying an additional $7,500 a year at a time when people still feel very pinched by inflation and the cost of everything else is going up.”
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