Biden Pledges to End Trump Tax Cuts; Denies Middle-Class Benefits

‘When I’m president, if God willing I am, we’re going to reverse those Trump tax cuts…’

Biden Defends His Interactions with Women

Joe Biden/IMAGE: ABC News via YouTube

(Brian Freimuth, Liberty Headlines) On a campaign stop in New Hampshire last Monday, Democratic presidential candidate Joe Biden promised to raise taxes on working and middle-class Americans if he were elected president.

Biden told a New Hampshire audience that he would repeal the Trump administration’s Tax Cuts and Jobs Act which cut taxes for working Americans.

“When I’m president, if God willing I am, we’re going to reverse those Trump tax cuts,” Biden said.

President Trump signed the Tax Cuts and Jobs Act  into law November 2017.

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The TJCA increased the standard deduction and nearly doubled deductions for heads of households and married couples filing jointly.

The TJCA also created a 20 percent deduction for all small-business income.

When signed into law, the TJCA was the first major overhaul of the U.S. tax code in 30 years and made $1.5 trillion in tax cuts.

Trump’s liberal opponents have attempted to construe the TJCA as a middle-class tax increase, though the law clearly provides larger deductions for middle-class families and small businesses.

House Speaker Nancy Pelosi, D-Calif., has pushed Democratic representatives to hold district “teach ins” to convince voters that the TJCA is a “scam.”

“We should repeal it, and I think we should offer an alternative tax plan, which is going to provide the tax relief to the middle class and the working class,” said Rep. Ro Khanna, D-Calif.

Even the liberal New York Times reported that the TJCA cut taxes for most Americans, particularly middle-class Americans.

“To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained—and misleading—effort by liberal opponents of the law to brand it as a broad middle-class tax increase,” Ben Casselman and Jim Tankersley of the NYT wrote.

Americans for Tax Reform found that repealing the TJCA would increase taxes by $2,000 on families of four earning a median income of $73,000.

Single parents with one child, making a median income of $41,000 would see a $1,300 tax increase if the TJCA were repealed.