Birdwatch Note Rating
2023-06-05 04:50:35 UTC - HELPFUL
Rated by Participant: BE31396F9FEB4DDB432E2C2234FC37001990282A37103C3E624292FA1DA3EA68
Participant Details
Original Note:
House/Senate sources are from partisan committees not supported by CNN which states direct taxes for under $400k would not increase but 401k contributions may be indirectly affected TJCA under Trump mostly benefited wealthy/corp. Biden's plan would reverse some of that https://www.americanprogress.org/article/biden-tax-proposals-would-correct-inequities-created-by-trump-tax-cuts-and-raise-additional-revenues/#:~:text=LinkedIn-,Biden%20tax%20proposals%20would%20increase%20taxes%20on%20the%20wealthy%2C%20expand,treats%20income%20from%20unrealized%20gains. https://www.taxpolicycenter.org/taxvox/bidens-budget-would-raise-taxes-high-income-households-cut-them-many-others https://www.vox.com/money/23634085/biden-2024-budget-billionaire-tax-capital-gains
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