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Biden vows to let Trump-era tax cuts expire next year, meaning higher rates for millions

Posted on AllSides April 25th, 2024
From The Right

President Biden vowed to let massive components of the Tax Cuts and Jobs Act expire next year if he wins re-election, meaning that millions of Americans could soon face steeper tax bills. "Donald Trump was very proud of his $2 trillion tax cut that overwhelmingly benefited the wealthy and biggest corporations and exploded the federal debt," Biden tweeted Tuesday. "That tax cut is going to expire. If I’m reelected, it’s going to stay expired." Enacted by former President Donald Trump in 2017, the law drastically overhauled the nation's tax code,...

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