Biden reiterates pledge to raise taxes on Americans making $400,000 or more
CNN
President Joe Biden again reiterated he intends to raise taxes for the most wealthy Americans in an ABC News interview aired Wednesday, saying "anybody making more than $400,000 a year will see a small to significant tax increase." He also pledged that individual Americans who make less than $400,000 -- which is more than 90% of taxpayers -- "won't see one single penny in additional federal tax."
Biden said Republican criticism for his $1.9 trillion Covid-19 relief law is because the tax breaks in his plan go to the bottom 60% of the population while "their idea of a tax cut is to give the Trump tax cut where 83% went to the top 1% of people in America."
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