Davidson News

Davidson News

Biden’s $400,000 Tax Pledge: How Inflation and Changing Incomes Impact the Promise

Biden's $400,000 Tax Pledge: How Inflation and Changing Incomes Impact the Promise

During the 2020 presidential campaign, Joe Biden made a significant promise: he would not raise taxes on anyone earning less than $400,000. A Pledge Under Scrutiny This pledge has been a cornerstone of his administration and remains a key point as he seeks reelection in 2024. However, the landscape of American incomes has shifted dramatically, … Read more