Taxes

Trump would cut taxes by about $1.7T, Biden would hike by $4.3T: Budget watchdog

A report released on Wednesday by the Committee for a Responsible Federal Budget (CRFB) estimates that Democratic presidential nominee Joe Biden's proposed policies would increase taxes by about $4.3 trillion over 10 years while President Trump's would decrease tax revenue for the government by about $1.7 trillion, even as Biden's overall fiscal agenda would likely increase the federal deficit slightly more than Trump's. 

Biden takes SALT cap-related tax hit

Presidential candidate Joe Biden released years’ worth of tax returns on Tuesday, which showed he and his wife took losses from a cap on state and local tax deductions imposed by the Trump administration.