Biden: No new taxes on anyone making less than $400,000

“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…

“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.

“It’s how we did it last time,” he said, in reference to the 2008 recession, adding that his work, at the time, with then-President Barack Obama, led to economic recovery, “with the largest, the most consecutive number of months of growth in jobs of any time in history. We did it the right way.”