Joe Biden pledges to reverse Donald Trump’s tax cuts

Joe Biden pledges to reverse Donald Trump’s tax cuts

Joe Biden, during a call with potential campaign donors on Monday, pledged to roll back the bulk of Trump’s $2 trillion tax cut. He promised to increase the corporate tax rate from 21 percent to 28 percent. He claimed he is doing so to close loopholes like capital gains and stepped-up basis. He also proposed the possibility of capping deductions, as well as sanctioning companies for tax avoidance.

Ben Song
Ben Song
Mozgus
Mozgus Yesterday

I know many people who insist Trump did not lower their taxes. Income tax was lowered as well as tax returns increased due to more generous brackets with far fewer loopholes for rich elites to exploit. Most people just have no ability to do basic math and they absolutely refuse to even take a look at their records, before and after. If they have to admit to themselves Trump benefitted them in some way, their heads would explode. And so they will vote against their own self interests. Sorry to break this to everyone. People are very dumb.

Dee
Dee Yesterday

So, he's trying to close the corporate loopholes the executive elite are using to not pay their fair share like the working man. Please understand.

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