Former Vice President Joe Biden vowed to repeal President Trump's landmark tax cuts if elected in November. The Democratic nominee promised to scrap the largest middle-class tax cut since former President Ronald Reagan's administration, not just tax cuts for upper tax brackets.
When pressed by CBS News about the comprehensive tax cuts on middle-class tax brackets, that averaged to $1,260 per American household, Biden deemed the tax cut "negligible," and promised that undoing the Tax Cuts and Jobs Act would be the "first thing" on his presidential agenda:
THREAD.— RNC Research (@RNCResearch) July 15, 2020
Tax Day under Joe Biden would be a horror show.
To begin, the “first thing” Joe Biden says he would do is raise taxes by eliminating President Trump's tax cut.pic.twitter.com/WICcCG5QgR
Joe Biden's plan to repeal President @realDonaldTrump's Tax Cuts & Jobs Act would hurt our economy:— GOP (@GOP) July 15, 2020
—Average tax increase of $1,200, paychecks cut by ~$100/month
—The Child Tax Credit slashed in half
—GDP would shrink by 1.51%
American families overwhelmingly benefited from the Tax Cuts and Jobs Act. Biden's vow to reverse the monumental tax reform legislation would erase progress made by the Trump administration for middle-class Americans. The presidential hopeful's rhetoric on tax reform shows that his priority lies with pandering to Democrats' far-left base rather than acting in the best interests of the American people.