Biden Vows To End Trump Tax Cuts That Helped Millions of Working-Class Americans
video:
https://www.westernjournal.com..../biden-vows-end-trum
Make America Pay Again.
It’s not an official slogan for former Vice President Joe Biden’s campaign, but it would be a fitting one after the Democrats’ presumptive presidential nominee vowed to raise taxes Monday.
Democrats love to talk about raising taxes, and why not?
It’s free money for them to use on social experiments and to give away by the cargo plane-load to the country’s adversaries.
But Biden took a serious tone about taxes on Monday when he told his donors during a virtual call that he would do away with the Trump tax cuts, CNBC reported.
“I’m going to get rid of the bulk of Trump’s $2 trillion tax cut,” he said, “and a lot of you may not like that but I’m going to close loopholes like capital gains and stepped-up basis.”
Trump cut the corporate tax rate to 21 percent down from 35 percent in 2017 to spark an economy that broke the ceiling after being stifled by eight years of Obama and Biden’s feckless leadership on the economy.
Biden told the donors that, if elected, he will raise that rate to 28 percent in order to raise $1.3 trillion over the next ten years.
