Biden White House and GOP Prepare for Showdown Over Expiring 2017 Tax Cuts
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#3d0b08bc ver:0.65

The Biden administration and GOP are gearing up for a showdown over the expiring 2017 tax cuts. The White House wants higher rates on corporations and the ultra-wealthy to support the middle class, while Republicans argue that tax increases would harm the economy. If the tax cuts expire, most households will pay more to the IRS, but extending them would add $4.6 trillion to the national debt. Biden's plan aims to extend middle-class tax cuts while raising taxes on profitable companies and the richest Americans. The challenge lies in lowering the deficit as promised and addressing the higher debt loads without worsening the government's finances. #TaxShowdown #BidenAdministration #GOP...

#newstr #BidenAdministration #Gop #2017TaxCuts #TaxPolicy 

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