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Biden pledges no tax hikes for people making less than $400,000

By Naomi Lim
Published May 22, 2020 2:23pm ET
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Biden pledges no tax hikes for people making less than $400,000
Joe Biden pledged Friday that he would only raise taxes on very high-income earners. “Nobody making under $400,000 would have their taxes raised. Period,” the presumptive 2020 Democratic presidential nominee said in an appearance on CNBC. That benchmark rules out tax increases on the vast majority of taxpayers and is far more restrictive even than […]

Joe Biden pledged Friday that he would only raise taxes on very high-income earners.

“Nobody making under $400,000 would have their taxes raised. Period,” the presumptive 2020 Democratic presidential nominee said in an appearance on CNBC.

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2020 Elections Joe Biden Taxes