What you need to know about Joe Biden's tax plan

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Joe Biden has put forth several proposals that would change the tax code. Here's what to know. • He pledges not to raise taxes on those earning under $400,000/year • Taxes would go up on the wealthy • Business taxes would go up • 401(k)s could change

Washington Democratic presidential candidate Joe Biden has put forth several proposals that would change the tax code.

In general, he's proposing to raise taxes on the wealthy and on corporations by reversing some of the Republican-backed tax cuts that President Donald Trump signed into law in 2017. It's unlikely that Biden's campaign plans would come to fruition just as he's proposed them, even if he wins the election. He'd have an easier time getting them passed if Democrats also take back the Senate and maintain control of the House.

 

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So just like his promise with fracking. He will keep this promise too LOL. Yeah right. Anything that comes out of his mouth is total BS to wim votes.

🎧Sideline Trump's daily noise. Listen to your inner compass. If you voted for Trump in good faith but now you have a check in your heart, this is the most important Mulligan of your life. A chance to make it right. Vote Trump out = healing begins. ✔️🇺🇸❤️🙏

Joe Biden could propose raising taxes for my $50k/yr job and I'd still vote for him. Thanks

Killing small businesses!

Bull....if he rolls back Trump tax plan, it will most definitely affect everyone, particularly the lower class and minorities. That’s why Black advocates are talking out about it.

Wealthy people are smart, do you think they’ll keep their money around if Biden wins? It’s going overseas and will be hidden. Who do you think will have to pay when the rich don’t? As usual, the middle class. How many times will people fall for the same hollow promises?

You forgot the payroll tax that WILL tax those under the $400k. More coming out of our hard earned checks IS a tax on those under $400k

VOTE PROGRESSIVES, DUMP CORRUPT REPUBLICONS FOREVER, EVERYWHERE.

I’m all for JoeBiden , but $400k a year is different in every city and I think charging more taxes on some businesses would make the employer pay the employee less or make cut backs to save money. The second has happened before.

Yes just like Bush sr said on the campaign trail, read my lips no new taxes. Well like most campaign promises there(their, they're) just lies.

Trump 2020

Now you guys are flat out lying for him.

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