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In May 2021, a video started to circulate that supposedly showed U.S. President Joe Biden saying that people making less than $400,000 won't have to pay a single penny in taxes. This is a genuine clip showing a portion of the remarks Biden delivered during a visit to Tidewater Community College in Portsmouth, Virginia, on May 3, 2021. While the president said that people making under $400,000 would not pay a single penny in taxes during these remarks, that is not what is outlined in the Biden administration's tax plan. Biden misspoke here. A more accurate way of representing his tax plan would have been to say that people making under $400,000 would not see their taxes raised by a single penny. Here's how Fox News reported on this gaffe: Biden repeatedly promised during his 2020 presidential campaign that people making less than $400,000 won’t pay a penny more in taxes. This campaign promise was included in Biden's proposal for the American Families Plan that was released in April 2021: Biden has repeatedly promised that people making less than $400,000 would not see their taxes raised under his plan. Although a video that showed him saying that people making less than a $400,000 won't pay a single penny in taxes is real, the president clearly misspoke during this portion of his speech.
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