Biden’s plan calls for raising the tax rate paid by corporations from 21 percent to 28 percent, still below the 35 percent level in place before the 2017 GOP tax cut law. For example, Warren and Sanders have proposed more than $20 trillion in new taxes over 10 years, at least six times as much as Biden’s. Trump has called for following up the $1.5 trillion tax cut in 2017 with a new round of tax cuts, which advisers want to market as a boost for the middle class. ADBiden’s tax plan also says it will raise $750 billion for his higher-education plan, which includes debt-free community college. Warren and Sanders have proposed trillions in new education spending, as well as the elimination or vast reduction of student debt.

Source: Washington Post December 04, 2019 17:03 UTC