Biden Claims NOBODY making under 400K Will See Taxes Go Up

BIDEN: "It was bad for American competitiveness, deeply unfair to the middle-class families, and wrong for our future. So here’s what I do. I start with one rule: No one, let me say it again, no one making under $400,000 will see their federal taxes go up, period. This is not about penalizing anyone. I have nothing against millionaires and billionaires. I believe in American capitalism. I want everyone to do well, but here’s the deal, right now a middle-class couple, a firefighter and a teacher with two kids making a combined salary of, say, $110,000, $120,000 a year pays 22 cents for each additional dollar they earn in federal income tax. But a multinational corporation that builds a factory abroad—"