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Here’s How Much Taxes Will Increase If Biden Gets Rid Of Trump’s Tax Cuts

(Chip Somodevilla/Getty Images)

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Democratic presidential nominee Joe Biden’s campaign website says that, if elected, he will not “ask a single person making under $400,000 per year to pay a penny more in taxes.” It also calls tax cuts under President Donald Trump’s administration a “tax giveaway primarily for large corporations and the wealthy.”