The Biden administration said it would aim any tax increases on households making more than $400,000.
Another lie.
A household income of $400K in NY, Chicago, or SF does not make one rich. Hell, even outside the city limits this is changed too.
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The costs of living is hugely inflated in areas like NY, Chicago and SF. I don't understand how people even want to live there given the huge costs.
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It is beyond me. Many make a lot of money so I guess it is a wash although there are those, like in Silicon Valley, who make bank but have to live in campers since they don't make enough to live in a home.
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