In a recent post on X, President Biden stated, "Donald Trump was very proud of his $2 trillion tax cut…. That tax cut is going to expire. If I’m re-elected, it’s going to stay expired." I’m unsure who writes these tweets for the president, but I hope it’s not anyone on his economic team – because this is just wrong.
Biden’s $2 trillion shortfall claim apparently originated in a May 2020 Tax Policy Center article. The article reported that, in late 2017 and early 2018, the Joint Committee...