Biden Tax Plan’s Twin Challenges: Keeping His $400,000 Pledge and ...

Biden Tax Plan’s Twin Challenges: Keeping His $400,000 Pledge and Paying for It In speech, top aide highlights goals of extending some Trump-era tax cuts and raising taxes elsewhere By ... Read More

President Biden’s $400,000 tax pledge has a ‘magic asterisk’

Biden opposed the 2017 tax cut so he has no problem with taxes on the wealthy going up. But letting the whole tax cut expire would violate his pledge to people making less than $400,000. Read More

Biden says Americans earning less than $400K will not pay 'a single ...

President Biden reiterated his pledge that no American earning less than $400,000 would pay “a single penny” in additional taxes with a slight twist on Monday, after he proposed several tax ... Read More

Biden spending bill would break his middle-class tax pledge ... - Fox News

Provisions included in a draft version of President Biden’s social spending bill would violate his pledge that tax hikes will affect only those Americans earning $400,000 or more per year ... Read More

No tax increase for anyone making less than $400,000: Biden keeps his ...

Biden keeps his pledge not to raise taxes on people earning under $400,000 As a presidential candidate, Joe Biden promised not to raise taxes on households earning less than $400,000. Biden has n ... Read More

Biden Said His Tax Hikes Would Only Affect the Rich. He Can't Keep That ...

During the presidential campaign, then-candidate Biden declared that if someone makes less than $400,000, they wouldn't face any tax hikes. His campaign website reinforced this promise: "Joe Biden ... Read More

The sometimes-fuzzy $400,000 threshold in Biden’s tax plan

But a November analysis of the plan by the Tax Policy Center included this line: “Biden has clarified that he wants any tax increases to exempt all individual taxpayers with income under $400,000. Read More

Biden pledge to tax wealthy, companies revived with Manchin-led bill

The U.S. corporate tax rate dropped to 21% from 35% after a 2017 tax cut pushed by then-President Donald Trump and his fellow Republicans, but many companies pay much less than that, and some of ... Read More

Biden reiterates pledge to raise taxes on Americans making $400,000 or ...

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 ... Read More

Joe Biden’s New Tax Pledge Is Indefensible - New York Magazine

Joe Biden wants a tax code that supports the everyday, salt-of-the-earth Americans who earn $400,000 a year. In an interview with CNBC Friday morning, the Democratic nominee sounded some populist ... Read More

President Biden’s $400,000 tax pledge has a ‘magic asterisk’

In his 2025 budget plan released last week, President Biden has a magic asterisk of his own. He promises he will uphold one of his most famous campaign promises from 2020 - not raising taxes on anyone ... Read More