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FOR IMMEDIATE RELEASE
October 20, 2020
Fact Checkers Demolish Trump’s ‘Bogus’ Claim on Biden’s Economic Proposals and Confirm Biden Won’t Raise Taxes on Middle-Class Families
Trump and Republicans have repeatedly lied about Vice President Biden’s tax plan to try to distract from Trump’s tax law that gave massive tax cuts to the rich and big corporations while doing next to nothing for working Americans.

The truth is that Biden’s tax plan would not raise taxes on anyone making under $400,000 a year, and would actually cut taxes for middle-class families while making critical investments in building our economy back better.

Trump and Republicans have repeatedly lied about Biden’s tax plan to try to claim that taxes will increase for middle-class families.
Washington Post Fact Checker: “The Trump campaign’s bogus claims of a Biden ‘tax hike’ on the middle class”

PolitiFact: “The eldest son of President Donald Trump was repeating a refrain from the Republican National Convention, where Republican National Committee Chair Ronna McDaniel and Eric Trump made similar claims. But the claim is misleading.”

PolitiFact: “There is no evidence for this assertion....We rate the statement False.”

Boston.com: “Mike Pence incorrectly claimed Joe Biden’s plan would raise taxes on ‘every’ American.”
The truth is that Biden’s plan won’t raise taxes on anyone making under $400,000, and it targets the rich and corporations that pay almost nothing.
Washington Post: “Joe Biden says he won’t raise taxes on anyone making under $400,000”

PolitiFact: “Independent tax analysts agree that the Biden plan would not directly raise taxes on any household earning below $400,000 a year.”

Associated Press: “Biden’s proposal to raise the maximum capital gains tax rate to 39.6% would only apply to people with incomes of over $1 million a year.”

Wall Street Journal: “Biden Tax Plan Targets Profitable Companies That Pay Almost Nothing”
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