Americans making less than $400,000 per year could end up paying $20 billion of the new tax revenue brought in by ' Reduction Act, one recent analysis of the bill suggests.President signed the act into law this past August injecting $473billion of new spending on climate and healthcare, yet there are strong concerns it will do little to reduce inflation at all.In fact, middle class Americans will pay new taxes - directly contradicting Biden's promise to not raise penalties on people earning under $400,000.
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