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Presidential Debate #1: Biden Doubles Down on Promise to Raise Taxes on Middle-Class Earners
Townhall ^ | 09/29/2020 | Reagan McCarthy

Posted on 09/29/2020 8:53:02 PM PDT by SeekAndFind

During Tuesday’s first presidential debate between President Trump and former Vice President Joe Biden, the Democrats’ nominee vowed to raise taxes on average Americans. The former vice president said, as he previously has, that in the first days of a Biden administration, he would undo the landmark taxes cuts signed into law by President Trump in 2017.

The Tax Cuts and Jobs Act, crafted by Republicans in Congress, cut taxes for every bracket, and overwhelmingly for the middle class.

Joe Biden: “I’m going to eliminate the Trump tax cuts”

Joe Biden’s tax plan shows he is completely out of touch with the American people.

Analysis of his tax plan concluded that it would “slam businesses” and cost up to 585,000 jobs.

Joe Biden is lying about President Trump’s tax cuts.

President Trump cut taxes for middle class Americans. The average family of four saved $2,000 in taxes and 91% of Americans in the middle income quintile received a tax cut.

The nonpartisan Tax Foundation fact-checked Biden’s tax plan in August, which he claims would not raise taxes on middle and working class Americans, and concluded that Biden’s plan would shrink the size of the economy, eliminate jobs and shrink GDP growth.

The tax cuts that President Trump signed into law are owed much of the credit for the record-shattering economy. Biden’s plan to raise taxes would undo much of the economic growth fostered by the Trump administration.


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: biden; debate; incometaxes; middleclass; tax; taxcutsandjobsact; taxreform; tcja

1 posted on 09/29/2020 8:53:02 PM PDT by SeekAndFind
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To: SeekAndFind

My favorite part was when Biden was winding up his “My son the veteran died“ pitch and Trump cut the legs out from under hime with “Which son, Hunter? He got kicked out for cocaine and then got a job for millions by hanging around you”.

Joe looked fit to be tied.


2 posted on 09/29/2020 9:00:29 PM PDT by jdsteel (Americans are Dreamers too!!!)
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To: SeekAndFind

If Biden supports tax policies which harm fat cats and benefit higher earners then why did his administration sign the tax law which instituted the “loophole” which they are angry that Trump used?


3 posted on 09/29/2020 9:04:22 PM PDT by nagant
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To: SeekAndFind

If Biden said, “I’m going to eliminate the Trump tax cuts” And,the Trump tax cut “saved the average family of four $2,000 in taxes.” How is that not raising someones taxes? Only a democrat could say it wasn’t and beleive it.


4 posted on 09/29/2020 9:07:03 PM PDT by Datom69
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To: SeekAndFind

I wonder if the mainstream media will admit that Joe Biden promised to raise federal income taxes for the middle class after he said he would repeal Trump’s tax cut.


5 posted on 09/29/2020 9:13:53 PM PDT by convoter2016
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To: jdsteel

#2 I will look for the video, that was funny!


6 posted on 09/29/2020 9:24:23 PM PDT by minnesota_bound (homeless guy. He just has more money....He the master will plant more cotton for the democrat party)
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To: jdsteel

Agreed. Loved it!


7 posted on 09/29/2020 9:26:31 PM PDT by nutmeg (Mega prayers for Rush Limbaugh)
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To: SeekAndFind

That worked really well for Bush 41 when he was running for reelection in 1992.


8 posted on 09/29/2020 9:36:28 PM PDT by AlaskaErik (In time of peace, prepare for war.)
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