Psaki says tax increase on high earners will apply to ‘families,’ not ‘individuals’
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White House press secretary Jen Psaki said Wednesday that under President Biden’s plan to increase taxes on the wealthy, families, rather than individuals, making less than $400,00 could pay more.
"Yes, anybody making more than $400,000 will see a small to a significant tax increase," Biden told news anchor George Stephanopoulos. "If you make less than $400,000, you won’t see one single penny in additional federal tax," Biden added. "On the president's interview, he said on taxes that anybody making more than $400,000, we'll see a small to a significant tax increase to clarify, did he mean individuals or households? Because it wasn't very clear. And Secretary Yellen, I think, has referred to households before," a reporter asked in Psaki’s daily briefing.More Related News
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