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President Joe Biden has repeatedly promised that he won t raise taxes on those earning less than $400,000 annually.
But people in married couples each earning less than $400,000 may have to pay more under Biden s tax changes.
A White House official told Axios Biden would increase the income-tax rate for families earning more than $509,300.
Some Americans earning less than $400,000 will have to pay higher tax rates under President Joe Biden s economic plan.
In May 2020, Biden said that nobody making under $400,000 would have their taxes raised during his administration. But a White House official told Axios that people in married couples earning less than $400,000, filing jointly, may have to pay higher taxes.
live from cnn hong kong, i m andrew stephens. and i m nina dos santos. welcome back to world business today. it s been a busy day here in europe with both the ecb and bank of europe set to make interest rate announcements within the next couple of hours. we re about 90 minutes into the trading session. is this how the markets are looking at the moment. it s a bit of a mixed picture, the dax rise together tune of 0.1%. the other markets slipping firmly into the red, extending yesterday s losses which saw the ftse come off by about 50 point or in excess of 1% yesterday. cac 0 down by a third of 1% or a similar picture for the smi and zurich. andrew? we have a mixed back here in asia, the hang seng in hong kong affected by poor housing sales figures for april. the weakest in something like two years, which is usual in