Tax Policy Differences Between Joe Biden and Donald Trump
Tax Day reveals conflicting ideas between Joe Biden and Donald Trump on how much to reveal about their finances and the best ways to boost the economy through tax policy.
Key Points
- Biden plans to release his tax records, while Trump argues against revealing his tax data.
- Biden advocates for tax increases on the wealthy, while Trump supports keeping taxes low for the wealthy.
- Biden aims to let the Trump-era tax cuts lapse, while Trump promises more tax cuts if re-elected.
Pros
- Biden plans to release his tax records and advocates for the wealthy to pay more in taxes to fund programs for the poor and middle class.
- Trump believes voters don't need to see his tax data and advocates for keeping taxes low for the wealthy to boost investment and job creation.
Cons
- Biden's proposed tax increases on the wealthy could have negative effects on the economy.
- Trump's tax cuts may not generate enough growth to pay down the national debt.