Fact-checking Trump’s claim Biden wants to 'raise your taxes by four times'
Trump said of Biden's administration, “This is the only administration that said we're going to raise your taxes by four times what you're paying now.”
Biden proposes a tax increase of roughly 7% over the next decade, not 300%, as Trump claims. About 83% of the proposed Biden tax increase would be borne by the top 1% of taxpayers, who earn just under $1 million a year in income.
—PolitiFact’s Sara Swann