Biden Vows Move on Trump Tax Cuts That Would Be Devastating to Americans

By Mike Fishmore | May 11, 2024

Benefited the wealthy

President Biden has stated his intention to allow the tax cuts passed under President Trump in 2017 to expire if he is reelected. 
 

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Biden claimed the cuts overwhelmingly benefited the wealthy and exploded the deficit, but analyses found most taxpayers received cuts. 
 

Overwhelmingly benefited

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“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 wrote online.