President Biden’s proposal to increase taxes if re-elected is a significant concern for American families and the economy as a whole. The Trump tax cuts, which Biden intends to repeal, have been credited with boosting the economy and increasing wages. However, Biden’s proposed tax hike would reverse these positive effects, potentially harming economic growth and employment opportunities.
Biden asserts that his tax increase will only impact the wealthy and large corporations, but this claim is misleading. The hike will significantly affect middle-class families and small businesses. As businesses face higher taxes domestically, they may be compelled to relocate operations overseas, resulting in reduced wages and fewer opportunities for Americans.
Biden’s tax hike proposal is not only unnecessary but also detrimental to the economy and American families. Preventing Biden’s re-election is crucial to ensure the continuation of the Trump tax cuts and the preservation of the economic benefits they have brought.
