Trump Pledges Across-the-Board Tax Cuts

By | May 19, 2024

Biden tax hike

Donald Trump promised to increase tax cuts if re-elected for a second presidential term, contrasting with President Joe Biden's proposal to raise taxes on businesses and the wealthiest individuals.
 

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“Instead of a Biden tax hike, I’ll give you a Trump middle class, upper class, lower class, business class big tax cut,” is what Trump said during a rally held on Saturday in Wildwood, located on the New Jersey shore.
 

Tax negotiations

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Whoever wins the presidency in November will face tax negotiations in 2025 as the personal income tax cuts from Trump's 2017 law are set to expire unless Congress intervenes.