White House press secretary Jen Psaki said Wednesday that under President Biden’s plan to increase taxes on wealthy, families, rather than individuals making less than $400,00 could pay more. "Yes, anybody making more than $400,000 will see a small to a significant tax increase," Biden told news anchor George Stephanopoulos. Previous reporting has been unclear whether the tax increase would apply to married couples or individuals. Bloomberg, citing White House sources, reported this week the tax rate would apply to individuals making above the $400,000 threshold. "I may not get it [GOP support], but I’ll get the Democratic votes for a tax increase," Biden said.

Source: Fox News March 17, 2021 21:43 UTC