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Letter to the editor: Do you believe the Biden-Harris promises?

Tribune-Review
| Tuesday, October 27, 2020 6:00 a.m.

Oceanfront property in Arizona!!

If you are confident in the repeated Joe Biden/Kamala Harris promises that your taxes will increase only if you earn over $400,000 per year and that only the “rich’” will pay for their expansive spending plans, please contact me ASAP about the above property.

Facts matter and, if Biden/Harris on day one reverse the Trump tax cuts as promised, a married couple with taxable income of $80,000 would pay an estimated $2,200 more in taxes each year. The couple’s standard deduction also would decrease by $11,700, likely adding all or some of that amount to their taxable income. Your corporate employer would face a tax rate increase from 21% to 28%, likely forcing job cuts and reduced future wage and salary increases.

Taxes and income are only two items in our household budgets. With expansion of fracking in recent years, my unit cost for natural gas dropped by about 70%. My electricity unit cost dropped by about 25%, and gasoline prices decreased by about 35%. Biden likes fracking when he’s campaigning in Pennsylvania, but both he and Harris have stated repeatedly that they would eliminate it, thereby wiping out these savings.

If after reading this you are still confident that your family finances will not be affected by the Biden/Harris policies, please contact me, and perhaps you can even use the $2,500 you are saving each year from Obamacare to help with your Arizona oceanfront land purchase.

Larry Schultz

Murrysville


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