“Biden is promising to end the Trump tax breaks for incomes above $400,000 while vowing not to raise taxes for those making less.
“If Trump gets elected, he’ll cut taxes for him and his rich friends at the expense of working families. We can’t let that happen,” Biden said last week on social media.
Biden has repeatedly taken aim at Trump’s upper-income tax breaks, saying in April: “That tax cut is going to expire. If I’m re-elected, it’s going to stay expired.”
“He wants to let our tax cuts expire!” Trump said at a rally last month in Wildwood, New Jersey. “Instead of a Biden tax hike, I’ll give you a Trump middle-class, upper-class, lower-class, business-class — big tax cut. You’re going to have the biggest tax cut.”
But his plan isn’t specific, and it doesn't address the rising national debt, an issue Republicans say they worry about. Trump didn’t even mention his 2017 tax cuts in a closed-door meeting Thursday with Republicans, according to three senators in the room. And he is now touting a different idea that he didn't pursue during his presidency: ending taxes on tips.”
http://www.nbcnews.com/politics/2024-election/biden-trump-tax-cuts-wealthy-2024-election-rcna157099
The budget deficit is a primary concern for all Americans, the rich can go pound sand. Let America’s pocket breathe a sigh of relief.
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