Biden Says He Will Not Increase Taxes For People Making Under $400,000

Former Vice President Joe Biden said that if he is elected president in November, he will not raise taxes on the households earning below $400,000 annually.“Nobody making under 400,000 bucks would have their taxes raised. Period. Bingo,” Biden said during an interview with CNBC on Friday.His proposal was aimed at the 2017 Republican tax cuts that President Donald Trump signed into law.“My tax policy is based on a simple proposition,” Biden explained, “which is, stop rewarding wealth and start rewarding work a little bit.”Biden also pointed out how the Trump administration’s heavy tax cuts for …

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