Taxes

Trump vs. Biden’s tax plans: How much would you pay?

Trump plans to extend the tax cuts passed in 2017, expand opportunity zones, and offer "Made in America" tax credits while Biden plans to roll back the tax cuts, increase the corporate tax rate, increase payroll and income taxes on wealthy households exceeding $400,000 dollars, close tax loopholes on real estate and fossil fuels and offer tax credits for healthcare, child care, elderly care, and families looking to buy their first home.

What Biden's tax plan could mean for your 401(k)

Fox Business anchor Charles Payne warned on Tuesday that Democratic presidential nominee Joe Biden’s tax plan could adversely impact 401(k)s, saying it could lead to “fewer people actually using these plans and fewer employers offering these plans.”