evidence: Why is the Biden Administration Raising Taxes…Again? [...] As of May, 58% of American adults—roughly 150 million people—live paycheck to paycheck, according to a new LendingClub report. Now, despite President Biden’s promise not to raise taxes on Americans making less than $400,000 a year, he’s done just that. In addition to raising taxes, this bill would give $80 billion to the IRS for additional audits and 87,000 new IRS agents. Americans are struggling, and what is the Biden Administration’s plan? Increasing taxes again. And it doesn’t just increase taxes on American families, it raises taxes on American businesses as well, which experts say will result in higher prices, fewer jobs, and lower wages. According to the National Association of Manufacturers, the business tax hike would eliminate more than 218,000 jobs. And a recent study by the Joint Committee on Taxation found that nearly half of this legislation’s tax burden would fall on manufacturers. When our supply chain is already disrupted, it is unconscionable for the Biden Administration to make it even harder for families to make ends meet and find the goods and products they need.