(TargetLiberty.org) – President Trump isn’t letting his bout with the novel coronavirus knock him off the campaign trail. In a series of tweets sent from Walter Reed Hospital, where he’d been since Friday, he promised Americans the “biggest tax cut ever” if he wins in November.
BIGGEST TAX CUT EVER, AND ANOTHER ONE COMING. VOTE!
— Donald J. Trump (@realDonaldTrump) October 5, 2020
In his landmark 2017 tax reforms, Trump cut corporation tax from 35% to 21%, creating a huge incentive for companies to bring jobs back to the US. Now, he wants to go further by offering tax breaks to companies who relocate operations from China to America, writing off deferred payroll taxes and cutting capital gains taxes.
Joe Biden, on the other hand, plans to take another $3.4 trillion in taxes out of the economy over the next 10 years. This includes pushing corporation taxes back up and raising income tax. The Tax Foundation says this would cut wages by almost 1% and destroy over half a million jobs.
The difference between the two plans is clear to see and Trump obviously has our citizens in mind.
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