Do not raise taxes on households earning less than $400,000

“Under my plan, no one earning less than $400,000 will pay a penny more.”

The promise

One of Biden’s long-standing campaign and governing promises is that middle- and lower-income Americans (those earning under $400,000) will not face higher federal income taxes under his administration. This pledge is intended as a safeguard to reassure working families. In his budgets and public statements, Biden has repeatedly reaffirmed and acted on this, including proposals that tax reforms target higher-income individuals and corporations. While tax legislation and future budgets remain contested, many fact-check services regard this promise as still active and partially fulfilled. :contentReference[oaicite:4]{index=4}