Biden vs. Trump: How the Two Compare on Taxes
Many corporate and individual tax cuts are set to expire in 2025. Here’s how it could play out if Biden or Trump wins in November.
Source: marketwatch.com
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Many corporate and individual tax cuts are set to expire in 2025. Here’s how it could play out if Biden or Trump wins in November.
Expiring Trump Tax Cuts Issue on Both Sides of Aisle
The House of Representatives passed a tax deal that would restore bonus depreciation, end the Employee Retention Credit early, and expand the Child Tax Credit.
If new tax legislation passes, half a million kids could be lifted out of poverty by 2025.
"Child poverty is a problem. Corporations paying too much in taxes is not," said one analyst.