Top Biden aide highlights upcoming tax showdown with GOP over 2017 cuts that are due to expire

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Top Biden aide highlights upcoming tax showdown with GOP over 2017 cuts that are due to expire
Donald TrumpLael BrainardElections
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The Biden White House wants voters to know its differences with Republicans over taxes.

President Joe Biden delivers remarks on his"Investing in America agenda" at Gateway Technical College, Wednesday, May 8, 2024, in Sturtevant, Wis. , with a top aide making the case for higher rates on corporations and the ultra-wealthy.

Her speech uses variations on the word “fair” 16 times in what is a clear attempt to raise awareness of the issue, as many voters are more focused onTrump has argued that the expiration of all of his tax cuts would cause mass layoffs that could permanently cripple the economy.

The Republican maintains that the high inflation under Biden as the country recovered from the coronavirus was the equivalent of a tax increase, one he claims would only worsen if Biden stays in the White House. Also, extending all of Trump's tax cuts that are set to expire at the end of next year would carry a substantial price tag.

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