Trump Tax Cuts
Joe Biden & Elizabeth Warren claim they want to end Trump’s tax cuts because they are a “$2 trillion+ tax giveaway for the rich” that “exploded the federal debt.”
IN FACT, ending Trump’s tax cuts will increase federal taxes on middle-income households by an average of 4% and the wealthiest households by 1%. This would also bring back the Democrat-favored SALT tax loophole, which overwhelmingly benefits the richest people. Like most “tax cuts,” Trump’s were actually “tax evens” that correct for bracket creep that consumes an ever-growing share of people’s incomes over time.
