Share
Source: AP Photo/Alex Brandon
During the 2020 presidential campaign, then-Vice President Joe Biden vowed to roll back the tax cuts passed by Republicans and signed by President Donald Trump in 2017.
Presumptive Democratic nominee Joe Biden pledged during a call with potential campaign donors on Monday that his administration would reverse the bulk of President Trump's tax cuts, even though "a lot of you may not like that."
"I'm going to get rid of the bulk of Trump's $2 trillion tax cuts, and a lot of you may not like that, but I'm going to close loopholes like capital gains and stepped-up basis," Biden said, according to a pool report of the virtual fundraiser.