Free Trial

Biden: 'No New Taxes' For Anyone Making Less Than $400,000 (ABC)

US

In the first joint interview with Democratic presidential nominee Joe Biden and his running mate Sen. Kamala Harris, the former vice president told ABC "World News Tonight" anchor David Muir that everybody should pay "their fair share." "I will raise taxes for anybody making over $400,000," Biden told Muir, adding, "no new taxes" would be raised for anyone making under $400,000. Tax policy is taking on additional significance for the 2020 presidential election, with the economic crisis inextricably tied to the pandemic, and more than 30 million Americans currently on unemployment. Although Biden has been leading in the polls, polls also have shown that voters have greater confidence on President Donald Trump when it comes to the economy. "Is it smart to tax businesses while you're trying to recover?" Muir asked. "It's smart to tax businesses that are in fact making excessive amounts of money and paying no taxes," Biden told Muir.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.