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The Accidental Tax Cutter in Chief

The Daily

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Strategic Tax Proposal for Political Advantage

Biden is preparing a suite of policy proposals to use in a future tax fight by suggesting to extend or make tax cuts permanent for low and middle-class workers while raising taxes on the wealthy. This strategy is aimed at putting Republicans in a tough position politically, as it positions the Democrats favorably with a proposal believed to be a political winner due to its appeal to the general public. Despite the potential tax increases, the approach is considered good politics and strategically advantageous for Biden and the Democratic party.

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