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The Accidental Tax Cutter in Chief

The Daily

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The Multi-Faceted Biden Tax Cuts

Biden's approach to tax cuts is multi-faceted; he initiated a stimulus bill with tax cuts for families and individuals, including direct checks. He also passed the chips act providing corporate tax cuts for semiconductor manufacturing. Additionally, the inflation reduction act offered a substantial climate effort with corporate tax cuts for solar panels and electric vehicles, facilitating the transition to lower emission energy sources.

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