Vulnerable Democrats won't say if they support Manchin bill, raising taxes during recession
Fox News
The Joint Committee on Taxation revealed that the Inflation Reduction Act of 2022 will increase taxes in nearly every income category, amid rising inflation and a recession.
Aubrie Spady is a college associate for Fox News Digital.
According to the JCT, Americans making less than $200K per year would have their taxes increased by $16.7 billion. For taxpayers earning between $200,000 and $500,000, the bill would increase taxes by $14.1 billion.
The bill was introduced just days after the gross domestic product (GDP) contracted for a second consecutive quarter from April-June, signaling the economy had entered into a recession.
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