Biden's Plan Will Not Raise Taxes For Most Americans

Joe Biden released his tax plan during his campaign for the 2020 Presidential election. On March 16, 2021, President Biden reiterated, saying that he planned a “small to significant” tax increase for those making over $400,000. The following day, Press Secretary, Jen Psaki was asked in a press conference to clarify this statement. “It depends on how much money you make. Are you a billionaire? Then you may pay more in taxes than someone making, a family making $425,” she said. “There’s going to be a range in any tax proposal.” When asked whether the president meant taxing individuals or families, she replied, “Families.”

Fox News covered Psaki’s clarification with a headline that read, “Biden's proposed tax hike could hit Americans earning $200,000.” The New York Post shared the story with a similar headline: “Biden tax hike could hit people earning $200K, White House clarifies.” Many social media users circulating these posts expressed concern that Biden was lowering the income threshold of those who would be taxed. Some saw this as proof that the president lied, or mislead American citizens.