Trump ran up national debt twice as much as Biden: new analysis
Trump ran up national debt twice as much as Biden: new analysis
Former President Trump ran up the national debt by about twice as much as President Biden, according to a new analysis.
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Well yeah, that's what happens when you give corporations permanent unilateral tax cuts, and you don't adjust the budget. On that note, why hasn't Biden raised the corporate tax rate back to what it was before Trump? Also, this is a pretty low bar, "ran up less debt". How about eliminating our deficit and balancing our budget?
I think we need to do that, and if I recall he did raise taxes on corporations with the Inflation Reduction Act. It also looks like it was originally going to be a more ambitious increase, but for whatever reason that didn’t happen.
However, to your point he did not raise them to where they were at 35% before the Trump tax cuts were passed in 2017.
If I had to guess, it was probably because raising taxes is generally not a popular move with the general electorate; its an easy way to lose votes and piss off some powerful people (which makes the Trump tax cuts even worse in the long run.)