It was bound to happen.
Biden had previously stated that he will not be raising taxes for “anybody” making $400,000 or less. However, the White House recently revealed that Biden lied.
Biden has said, “I will raise taxes for anybody making over $400,000.” The interviewer clarified asking, “So no new taxes for anyone under $400,000?” Biden responds saying, “No new taxes. There’s no need for new taxes.”
However a report reveals what Biden really meant:
White House press secretary Jen Psaki on Wednesday clarified that President Biden’s proposed tax hike would apply to people who earn $200,000 per year if they are married to someone who makes the same amount.
Psaki said at her daily press briefing that the proposed $400,000 threshold for tax increases applies to “families” rather than individuals.
Read the whole article here.
Image Credit: ABC News