Tuesday, March 19, 2024

President Biden’s $400,000 tax pledge has a ‘magic asterisk’ - The Washington Post

"The Trump tax cuts added $2 trillion to the debt with unpaid giveaways skewed to the wealthy and large corporations, and now Congressional Republicans are proposing to add another $3 trillion to the debt by extending them," said White House spokesperson Michael Kikukawa. "President Biden's approach couldn't be more different. He is fighting to cut taxes for working families and the middle class — standing by his commitment to never raise taxes on households earning less than $400,000 — while responsibly reducing the deficit by making the wealthy and large corporations pay their fair share."…https://www.washingtonpost.com/politics/2024/03/18/biden-tax-pledge-fact-checked/



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