
On Wednesday night, President Joe Biden unveiled the American Families Plan — a proposal designed to expand access to education, paid leave, child care, and certain tax credits. By the time Biden began delivering his address to Congress, Fox News had already outlined its strategy to sink the proposed legislation.
The American Families Plan is the Biden administration’s third major legislative proposal, following the American Rescue Plan and the American Jobs Plan. Many conservative commentators immediately zeroed in on the $1.8 trillion price tag — claiming that the spending would damage the recovering economy — and accused Biden of promoting socialism.
More specifically, Fox personalities took issue with the proposal’s supposed winners and losers. They interpreted increased funding for IRS enforcement and heightened capital gains taxes as attacks on the wealthy, while spinning education spending as a “payoff” for teachers unions.
These attacks are based on little evidence and outright distortions of the proposal’s contents. Here are some of the most prominent narratives on Fox so far:
Fox spin: Increased IRS funding and capital gains tax hikes are unfair and overly punitive
Billions of dollars in taxes are left uncollected each year, in part because the IRS does not have the funding necessary to enforce tax laws. The American Families Plan would provide an additional $80 billion in funding over the next 10 years for the IRS to help ensure that wealthier Americans and corporations pay the taxes they owe. But for some on Fox, Biden is “weaponizing” the IRS by providing the funding necessary for the agency to do its job.
Biden’s proposed tax increases — which are popular with the American public — are similarly seen as an attack on the wealthy. In reality, Biden’s proposal would increase capital gains tax rates for top earners to 39.6%, bringing them in line with top income tax rates. Additionally, Biden would return the top income tax rate to where it stood before the Trump administration’s 2017 tax cuts.
- On April 28, Fox host Tammy Bruce claimed that Biden is “weaponizing” the IRS “to advance his war on wealthy Americans” by increasing funding for enforcement.