Townhall - Tipsheet - Matt Vespa
The Interesting Development with the Biden Plan to Slash the Trump Tax Cuts
Matt Vespa | @mvespa1 | Posted: Feb 01, 2021 12:25 PM
During the 2020 campaign, you all heard it. Joe Biden was going to nix the Trump tax cuts if elected president. That’s a massive tax increase on the middle class, but it resonates with the Democratic base. It’s a play to those urban-based fools who take everything MSNBC says about this economic initiative by the Trump White House, one that benefitted everyone especially the middle class. It’s one that even Bernie Sanders said they would benefit the middle class, as 91 percent of middle-income earners would be getting relief for the next decade. Sanders’ only complaint was—get this—the Trump tax cuts didn’t go far enough. CBS News also found three families from different states and economic backgrounds who all benefitted from the Trump tax cuts. It spurred economic growth, allowed businesses to give bonuses to workers, and generated the climate necessary for the booming jobs growth we saw under Trump before COVID hit.
...
READ MORE: https://townhall.com/tipsheet/mattvespa/2021/02/01/the-interesting-development-with-the-biden-plan-to-slash-the-trump-tax-cuts-n2584000