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"Today is Tax Day, which serves as a fitting
reminder that with less than four months until the November
election, never has there been a clearer contrast between two
candidates’ tax plans as exists between President Trump and Joe
Biden.
"While President Trump has time and again delivered on his pledge
to cut taxes and expand opportunities for American families, Joe
Biden is doubling down on his plan to impose massive tax increases
on millions of middle-class families.
"The kind of tax increases Biden envisions would throw a big wet
blanket on the great American comeback President Trump is leading,
and is just one of the many reasons voters overwhelmingly trust the
president to rebuild our economy a second time.
"Over 80% of middle-income Americans saw a tax cut thanks to
President Trump, with lower-middle-class households actually
experiencing the largest tax cut.
"Nearly 30 million American households are now better off taking
the simpler standard deduction, which the president and Republicans
doubled -- a change that saves taxpayers $5 billion each year.
"In the wake of tax relief, unemployment dropped to a 50-year low
and the economy added so many jobs there were millions of more jobs
available than there were workers to fill them.
"Biden is on record saying his first action in office would be to
raise taxes on the middle class, which is completely consistent with
his 40-plus years as a career politician where he didn’t meet a tax
hike he didn’t like.
"No tax is popular, but Biden would bring back perhaps the most
unpopular tax of all by restoring the Obamacare individual mandate
tax. This would lead to 5 million low- and middle-income households
choosing to pay the penalty for forgoing big-government run health
care.
"These combined with all the other tax hikes Biden supports, such as
raising the income tax by $2,000 on a typical American family of
four, would place a $4 trillion burden on American families,
businesses, innovators and job creators.
"While Biden has made a career in Washington out of putting our
country last, President Trump has put hardworking Americans first
throughout his entire tenure in office, something he will continue
to do when the American people reelect him to a second term on Nov.
3."Real Clear Politics
Chairwoman Ronna McDaniel
July 15, 2020 |
