Biden’s ‘tax cut’ rhetoric is really just code for benefit increases

President Biden’s rhetoric about his new budget proposal suggests it is full of tax relief for working families. For example, one White House fact sheet is headlined “The President’s Budget Cuts Taxes for Working Families and Makes Big Corporations and the Wealthy Pay Their Fair Share.”

Taking from the rich to give more to working (and even non-working) families is a familiar theme in Democrats’ income redistribution playbook. But the Biden administra...