Despite Don Jr.’s alternative facts, Biden’s plan has actually been fairly conservative among the left. The former vice president first promised to not increase taxes on individuals making less than $400,000 back in May and has held to that figure in recent interviews and his detailed 110-page policy document that he drafted with Senator Bernie Sanders. In reality, it would mean an increase for less than two percent, and that increase would be to a rate of 39.6 percent from its current rate of 37 percent. This hardly represents a tax increase for 82 percent of Americans. Also, like all money taxed in our current system, it only applies to taxable income exceeding $400,000.
Sarah Midkiff Read More