Source: American Independent
According to reporting by The American Independent, North Carolina Republican Senate nominee Ted Budd supports increasing taxes on nearly all Americans.
At a campaign event in May, audio reveals that Budd embraces a wildly unpopular provision from Florida’s Republican Senator Rick Scott’s 11-point plan that included a proposal for all Americans to pay income tax.
Budd agreed that everyone, no matter their income level, should have “skin in the game” by paying federal taxes, according to The American Independent reporting.
Based on an analysis by ITEP and Tax Policy Center, the plan would increase taxes on Americans across the U.S. by 40 percent – requiring low-income people and seniors to pay more.
In addition, an analysis by FactCheck.org, noted that an estimated 102 million Americans who are either retired or work but make less than $28,000 annually would be impacted by Scott’s plan.
“More than 80% of the tax increase would be paid by households making about $54,000 or less, and 97% would be paid by those making less than about $100,000,” according to The Tax Policy Center.
“The lowest-income American households would pay an average of nearly $1,000 more in taxes in 2022”.
The proposed Republican plan also included the elimination of federal programs such as social security, Medicare, and Medicaid in the next five years – leaving millions of working Americans and seniors without health care.
Read more from The American Independent.