On CNBC's “Squawk Box” broadcast Tuesday, Sen. Chris Coons (D-Delaware), co-chair of the Harris-Waltz initiative, said when asked if people are better off than they were four years ago, “Many Americans incorrectly remember how bad the economy was four years ago and how strong the economic recovery from the pandemic has been.”
“When asked, 'My fellow Americans, are you better off now than you were four years ago?', many Americans incorrectly remember how bad the economy was four years ago and how strong the economic recovery from the pandemic has been,” Kuhn said. “And next year, the biggest fight will be over taxes. Many people don't remember the details of the incredibly complicated TCJA.”[s] The fight for the 2017 Jobs Act. A lot of those provisions expire next year, so early next year Congress and the president are going to have to roll up their sleeves and sit down and hammer out a five-year projection, what they're going to do in terms of spending through the tax system, what incentives are there. Joe Biden has promised and is keeping his promise that he won't raise taxes on anyone making under $400,000. Donald Trump has promised to put a 20% tariff on it. It's a tax, it's on everything imported, it's a nationwide sales tax.”
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