Joe Biden Admits His Tax Increases Could Hit People Earning $200K

Joe Biden has repeatedly claimed that his tax increases would not affect anyone making under $400K.

Until now.

It turns out people making just $200K could be affected by the change. Anyone surprised?

The New York Post reports:

Biden admits tax hike could hit people earning $200K

President Biden on Friday admitted that his $2 trillion infrastructure plan would bring tax increases to some people who earn $200,000 — while insisting that a separate hike on businesses “will not slow the economy at all.”

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Biden for weeks has said that his proposed hike on the highest income tax bracket would not hit any person who earns less than $400,000.

But his updated phrasing confirms press secretary Jen Psaki’s recent acknowledgment that a two-partner family would be impacted if combined income crosses $400,000.

Biden told reporters at the White House that his infrastructure plan would be paid for by those who can afford higher taxes.

“It is a once-in-a-generation investment in our economic future, a chance to win the future — paid for by asking big corporations, many of which do not pay any taxes at all, just to begin to pay their fair share. And it won’t raise a penny of tax on a family making less than $400,000 a year, no federal tax, no addition,” he said.

Joe Biden wouldn’t lie, would he?

Democrats have big plans. They need to get the money somewhere.

 

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