FACT CHECK: Yes, Biden will Raise your Taxes

Even on those making FAR LESS than $400,000 a year

Posted on Aug 25, 2020

In an interview over the weekend, Democratic Presidential nominee Joe Biden falsely said that Americans making under $400,000 would not see a tax hike under his plans. This is demonstratively false, as evaluated by right and left-leaning think tanks alike.

  • Biden’s formal tax plan doesn’t even include other taxes that Biden has endorsed, which would raise taxes on the middle class:
    • Biden has endorsed bringing back Obamacare’s individual mandate, a tax that primarily hit the middle class and lower income Americans.
    • Biden previously said he supported a carbon tax.
  • Biden’s $4 trillion tax hike is more than double what Hillary Clinton proposed, and is the largest proposed tax hike in recent history.
    • Biden’s tax plan would shrink the economy and kill an estimated 585,000 jobs.