Psaki says tax increase on high earners will apply to ‘families,’ not ‘individuals’
Fox News
White House press secretary Jen Psaki said Wednesday that under President Biden’s plan to increase taxes on the wealthy, families, rather than individuals, making less than $400,00 could pay more.
"Yes, anybody making more than $400,000 will see a small to a significant tax increase," Biden told news anchor George Stephanopoulos. "If you make less than $400,000, you won’t see one single penny in additional federal tax," Biden added. "On the president's interview, he said on taxes that anybody making more than $400,000, we'll see a small to a significant tax increase to clarify, did he mean individuals or households? Because it wasn't very clear. And Secretary Yellen, I think, has referred to households before," a reporter asked in Psaki’s daily briefing.More Related News