Top democratic contenders want to repeal Trump’s tax cuts. But although the measure mainly helped companies and the wealthy, it also provided some breaks for the middle class, making it tricky to roll back, write GinaChon and KileyRoache.
Twenty candidates for the Democratic presidential nomination will participate in their second debate on July 30 and July 31. The first event includes Senators Elizabeth Warren and Bernie Sanders, along with Pete Buttigieg, the mayor of South Bend, Indiana. The second night of debates includes former Vice President Joe Biden and Senator Kamala Harris.
Many of the candidates, including Biden, Harris and Warren, have pledged to undo the Republican tax cuts signed into law by President Donald Trump in 2017. It reduced the corporate income tax rate to 21% from 35% and doubled the standard income deduction to $12,000 for individuals.
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