Democrats seized on a fresh attack on the eve of the first U.S. presidential election debate after a report showed President Trump paid paltry amounts of federal tax in recent years
WASHINGTON/WILMINGTON, Del. - Joe Biden’s campaign seized on a fresh line of attack on the eve of the Democratic presidential nominee’s first debate with President Donald Trump, accusing the Republican incumbent of gaming the system to avoid paying his fair share of taxes.
Jared Bernstein, one of Biden’s top economic advisers, said the report highlighted the need to simplify the tax code and make people like Trump pay their fair share. Trump has dismissed the report as “fake news.” On Monday, he tweeted that he had paid “many millions of dollars in taxes” but was entitled to depreciation and tax credits and was “extremely under-leveraged” in terms of his debt and assets.
The re-emergence of Trump’s tax history as an election issue - in 2016 he broke a decades-old tradition of presidential nominees releasing their tax returns when seeking the White House - offers Biden another avenue of attack Tuesday evening. Trump has painted his economic record in glowing terms, saying his policies were responsible for boosting growth and reducing U.S. unemployment to near 50-year lows prior to the outbreak of the pandemic.His message, however, has been badly dented by the virus-triggered recession, which has put millions of Americans out of work. Democrats say Trump has mishandled the U.S. response and embraced policies that favored corporations and the rich.
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