While Americans’ fears of economic hardship grow, the government says it is attempting to ensure those least fortunate avoid the greatest burden.
A new bill, the Inflation Reduction Act, aims to tax large corporations and close loopholes without taxing middle- and lower-income households, according to Democrats.
They say that the bill, yet to be passed, does not include tax rises for those earning less than $400,000 per year, in accordance with the pledge President Joe Biden made in 2020.
However, claims by former president Donald Trump and senior Republicans suggest the opposite.
Fact Check: Is Trump Right That Inflation Bill Raises Middle Income Taxes? (msn.com)