Biden and Trump Clash Over Future of Tax Cuts as 2024 Election Nears

President Biden aims to raise taxes on the wealthy, while Trump promises deeper cuts if re-elected.

Biden wants to end Trump-era tax cuts for incomes above $400,000 and increase corporate taxes.
Trump pledges to extend and deepen tax cuts, including ending taxes on tips.
The outcome of the tax policy will depend on the control of the White House and Congress in 2025.
Democrats emphasize raising taxes on the wealthy to fund social programs and reduce the deficit.
Republicans argue that maintaining and expanding tax cuts will stimulate economic growth.