From New York Times, I'm Michael Bolarro.

This is the Daily.

Today.

In his campaign for re-election, President Biden says that raising taxes is at the

heart of his agenda. But as it turns out, far he's done the opposite as president.

My colleague Jim Tankersley explains.

It's Wednesday, April 3rd. Jim, welcome back.

We haven't seen you since State of the Union. Always a pleasure.

So great to be here and yeah, I finally recovered from staying up all night with you guys.

Yeah, you don't even know all night. You stopped and we kept going.

That's true. I got a robust three hours that night. You're right.

So Jim, in your capacity as really the chief economic thinker covering this president.

You recently came across something very surprising.

Yeah, it started with a pretty basic question for me.

I like to do this crazy thing

Michael where I like to take candidates promises and see if they've come true.

Insane. It's a little bit wild but it's what I do for fun and in this case I wanted to look at a very

central promise of President Biden's campaign in 2020 which he has

repeated while in office. I promise you, I guarantee you, we can build back and build back better

with the economy, the rewards, work, not wealth. The promise was he was going to raise

taxes. Well I tell you what I'm going to raise taxes.

Well, I tell you what I'm going to do and I make no apologies for it.

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