Biden and Trump Clash Over Tax Policies as Election Nears

President Biden and former President Trump outline starkly different tax strategies, impacting the economy and national debt.

Biden plans to increase taxes on the wealthy to fund social programs and reduce the federal deficit, while Trump advocates for maintaining low taxes for the wealthy to boost investment.
Biden has released his tax returns, emphasizing transparency, whereas Trump has withheld his, citing sufficient past financial disclosures.
Upcoming expiration of Trump-era tax cuts poses significant policy decisions for the future president, with potential impacts on all income levels.
Economic analyses suggest Trump's tax policies may not sufficiently address the national debt, while Biden's could potentially reduce it by $3.2 trillion over ten years.
Legal and financial controversies continue to surround Trump, including a significant loss in stock value for his media company and ongoing legal penalties.