TAX DAY DEFERRED? DON’T COUNT ON IT

Biden’s “Made in America” Pipe Dream Turns Into A Tax Nightmare In 2021

MIDDLE CLASS, USA – For millions of Americans who traditionally face a tax deadline today, they can look forward to running out of gas sooner than they realize – much like Joe Biden’s approach to affordable energy for middle class Americans.

“Taxes of every kind have been proposed by the Biden Administration over the last few months, and if those policies become law, this year’s tax break into next year’s tax nightmare, if some of these policies are put in place,” said Ian Prior, Spokesman for The Empowerment Alliance.

“But Americans are already seeing the cost of Joe Biden’s actions. Consumer costs are rising at the pump and throughout the economy. Families and small businesses are finding out that they will pay more of their hard-earned money at work, at home, and on the road. American businesses and American workers are our economic backbone – make the burden too heavy and it will break. That’s what these anti-energy policies will do to the American consumer and the American economy.”

The Biden Administration has proposed taxes on individual consumers, corporations, and families as part of their infrastructure and stimulus plans.  Some are now calling for a tax on energy itself, in the form of a carbon tax, while others want to tax you more for driving your car or truck.

The Biden administration has expressed support for a carbon pricing or carbon tax mechanism. “We cannot solve the climate crisis without effective carbon pricing,” Janet Yellen, Biden’s Secretary of Treasury, said, adding the “President supports an enforcement mechanism that requires polluters to bear the full cost of the carbon pollution they are emitting.”

According to the Tax Policy Center, “A tax of $40 per ton would add about 36 cents to the price of a gallon of gasoline, for example, or about 2 cents to the average price of a kilowatt-hour of electricity. They emphasized that “Because low-income households consume a more energy-intensive basket of goods than wealthier households do, a carbon tax would be regressive; it would cost poorer households a higher share of their income than wealthier households.”

Janet Yellin isn’t the only energy tax-obsessed member of the Biden Cabinet. A vehicle mileage tax could be implemented to finance the White House’s expected multi-trillion-dollar infrastructure proposal, according to Transportation Secretary Pete Buttigieg. According to RAND Corporation, a mileage tax would hit low-income earners hardest: “While the average American spends roughly 13 percent of their income on transportation, that figure jumps to nearly 30 percent for the lowest-earning fifth of the population.”