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Biden: Taxes are going up on people earning more than $400,000 per year

President Joe Biden walks to speak to members of the press on the South Lawn of the White House in Washington, Tuesday, March 16, 2021, before boarding Marine One for a short trip to Andrews Air Force Base, Md. Biden is en route to Pennsylvania. (AP Photo/Patrick Semansky)

By David Sherfinski

The Washington Times

Read my lips: yes, new taxes.

President Biden has explicitly vowed that Democrats will increase taxes on the wealthy, adding fuel to congressional Democrats’ plan to ram through higher taxes on party-line votes.

“Anybody making more than $400,000 will see a small to a significant tax increase,” Mr. Biden said in an interview that aired Wednesday on ABC.

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