In a year with an assembly line of tumultuous events, few have cited taxes as a major presidential campaign issue — until the recent debates.
But after months of economic uncertainty, financial security is on everyone’s mind. “It’s the economy, stupid” has been the most reliable election fundamental since 1992. This year, both candidates hold significantly differing views on their idea of prosperity. And taxpayers won’t let media-fueled chaos distract from that reality either.
Joe Biden, the Democratic nominee, has promised to fully repeal the 2017 federal tax cuts that benefited most Americans. At the same time, Biden claims his plan will only raise taxes on those earning more than $400,000. Even if you believe his economic math adds up, the two statements are incompatible.
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