President Biden said he expects to get “Democratic votes for a tax increase.”
Appearing on ABC, Biden said “I may not get it, but I’ll get the Democratic votes for a tax increase.”
“If we just took the tax rate back to what it was when Bush was president — top rate paid 39.6% in federal taxes — that would raise $230 billion,” he added.
"I'll get Democratic votes for a tax increase" Biden says on GMA, in a quote that GOP ad-makers will love.
— Annie Linskey (@AnnieLinskey) March 17, 2021
Per the NY Post “Psaki said at her daily press briefing (Wednesday) that the proposed $400,000 threshold for tax increases applies to “families” rather than individuals.
The clarification significantly lowers the tax-hike threshold announced by Biden in an ABC News interview that aired Wednesday.”
Meanwhile, per Business Insider “President Joe Biden’s administration has secured an $86 million contract for hotels to house migrants, Axios reported Saturday. The contract comes as the president struggles to address the surging numbers of families and kids trying to enter the US.”