On Monday, the presumptive Democratic presidential nominee Joe Biden made a big promise to a group of campaign donors.
He said that he would get rid of President Donald Trump’s $2 trillion tax cuts.
“Folks, this is going to be really hard work and Donald Trump has made it much harder to foot the bill,” Biden told the potential donors. “But even before the crisis, his irresponsible sugar-high tax cuts had already pushed us into a trillion-dollar deficit, and imagine what we could do now if we weren’t in that circumstance.”
“I’m going to get rid of the bulk of Trump’s $2 trillion tax cut,” Biden said.
The White House hopeful also said he plans on RAISING taxes, with a plan to “raise the corporate tax of 20 to 28 percent, which is estimated now to raise $1.3 trillion over 10 [years].”
This must have the Biden donors running for the hills!
When President Trump slashed the corporate tax rates from 35% to 21%, many Americans saw the immediate benefit with higher wages, bonuses, and increasing employment rates.
A majority of families saw an increase in take home pay and lower tax rates overall!
Biden’s promise to undo the progress made by President Trump is an insult to Americans everywhere who want to keep their own money in their own pockets – and voters who vote with their wallet in mind will surely keep this in mind at the polls in November.