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Home / US / Biden vows to repeal Trump tax cuts on 'Day One' if he captures White House

Biden vows to repeal Trump tax cuts on 'Day One' if he captures White House



Former Vice President and current presidential candidate Joe Biden promised that he would repeal President Trump's 2017 tax cuts and close $ 500 billion on tax loopholes.

Speaking at the South Carolina Democratic Party Convention, Biden said, "Income inequities are at an all-time high and made worse by Trump's tax cuts and huge giveaways to the top one-tenth of the 1-percent … and it's time to start rewarding work over wealth."

DEMOCRATS AIM THEIR FIRE AT TRUMP IN SOUTH CAROLINA, VIE FOR FRONTRUNNER STATUS

Outlining his policy proposals in this early primary state, Biden said the GOP-backed tax cuts, which have been severely criticized in some quarters as beneficial only to the rich, have no socially redeeming value. He vowed to "put that money to good use."

Biden promised that, among other things, residual funds from the tax break would be put forward to initiatives such as green energy research and development, two-year college tuition grants and a public-option health insurance plan.

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The 2020 hopeful also proposed to $ 8,000-per-child credit for child care. In addition, we are adding $ 1

5 billion and $ 45 billion to expand universal pre-K, raise teachers' pay, fully fund special education and double the number

Biden also reiterated his plan to implement a public health care option like Medicare, which would guarantee the low-income individuals have health coverage.

Biden continues to Lead the polls in a field of some two dozen Democratic contenders.


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