Trump vows more tax cuts for the rich. Democrats have a different plan
The $3.4 trillion tax cut Republicans passed in 2017 is expiring next year, and convicted felon Donald Trump is trying to win over corporate America by promising even more potentially disastrous cuts. President Joe Biden and a key lawmaker, Sen. Elizabeth Warren of Massachusetts, are setting out a progressive and fair vision in sharp contrast.
Warren highlighted that fight in a major speech Monday at a tax policy event at the Washington Center for Equitable Growth. She urged fellow Democrats to “stiffen our spines” in the fight over those expiring tax cuts.
“A little money for poor children or a modest tax cut for middle-class families is still a lousy deal when we can’t fund childcare or infrastructure because the wealthiest among us are still sucking up billions in tax breaks,” she said in prepared remarks.
“Better to let all the Trump tax cuts expire than be accomplices to another slash-and-burn tax bonanza for America’s billionaires.”