Biden’s tax increases could drive US investors to China: Grover Norquist
Americans for Tax Reform president Grover Norquist argues it is essential to avoid tax hikes and create long-term financial issues for economic recovery from the coronavirus.
The Supreme Court delivered a split verdict Thursday on subpoenas for President Trump's tax returns that could allow the financial records to remain shielded from the public until after the November election.
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Former Vice President Joe Biden, the presumptive Democratic presidential nominee, was quick to reignite his criticism of Trump for fighting to keep his tax returns, banking and other financial documents private.
"You want to talk about corruption? I’ve released 21 years of my tax returns — I entered as one of the poorest men in Congress, left one of the poorest men in government in Congress and as vice president," Biden said in a video from October that he tweeted out again on Thursday.
BIDEN PLEDGES TO ROLL BACK TRUMP'S $2 TRILLION TAX CUTS
Last July, in the midst of the Democratic primary, Biden's campaign released three years of income tax returns starting with 2016, his last year in office, and running through 2018. He had previously released his returns from earlier years.
The documents show that Biden, who frequently used to refer to himself as "Middle-Class Joe," enjoyed a stream of wealth once leaving office, making millions of dollars mainly from lucrative book deals.
Here are three main takeaways from Biden's tax returns.
TRUMP VS. BIDEN: STOCK MARKET WILL PICK THE WINNER
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