The $6 Trillion Decision

Contributing sentiments towards policy:

57% : The expanded health insurance subsidies for the Affordable Care Act, which have led to the largest number of enrollees on the insurance exchanges in history, expire at the end of 2025.
56% : The Wall Street Journal puts the total difference between the two leading presidential candidates on tax policy at $6 trillion.
55% : Weakness on taxes is also incompatible with the new robustness on activist government policy.
54% : "MORE OFTEN THAN NOT, NATIONAL DEMOCRATS have been reluctant to talk about tax increases at all.
53% : Nearly all of the provisions of the 2017 Trump tax cuts affecting individual tax returns expire at the end of 2025.
53% : Or will we use the moment to revolutionize tax policy and make a lasting break with the past four decades of trickle-down?
53% : Nearly all of the provisions of the 2017 Trump tax cuts affecting individual tax returns expire at the end of 2025.
53% : (A current corporate minimum tax of 15 percent, designed to prevent excessive deductions and tax avoidance, would be increased to 21 percent under the Biden plan.)
50% : Rep. Don Beyer (D-VA), chair of the Joint Economic Committee, speaking at a conference also put on last week by the liberal journal Democracy, forcefully contrasted Democratic tax proposals with the Republican theory of tax policy.
49% : While Trump got a lot of attention for promising rich donors at a fundraiser that he would keep their taxes low, that was a closed-door event.
48% : "The Inflation Reduction Act included $300 billion in tax increases," Pancotti explained, noting that most of the revenues in the IRA came from increased tax enforcement and prescription drug negotiation.
47% : A bipartisan deal that trades a modest expansion of the Child Tax Credit for the revival of expiring business tax measures, which passed the House this year but is unlikely to pass the Senate, will also likely be on the table.
46% : Even if the Biden proposals are not perfect, $5 trillion in tax increases is something no Democratic president has ever talked about.
45% : It is rather incredible that you can wring $5 trillion exclusively from the top 2 percent of income earners in the country and corporations, but given that Biden isn't even pushing corporate tax rates back to the Obama standard, he probably has even more room to go.
31% : The kinds of taxes Biden has advanced are overwhelmingly popular, to the extent that it's Trump and the Republicans who have actually gone silent.
28% : Trump, on the other hand, has mused about 15 percent, and Project 2025, the blueprint for a conservative presidency, endorses 18 percent.
27% : Trump and his allies have broader designs then just making his tax cuts permanent, including more tax cuts for the wealthy and corporations.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.