Strassel: What Voters Need to Take Away from the Debate Is that ‘Taxes Go Way Up for Everybody’ Under Biden’s Plan

RUSH EXCERPT:
STRASSEL: "Well, look, Donald Trump was at a his strongest when he was making the case for his 2017 tax cuts, which he did. He made the case that it brought a lot of capital back to this country. It made us more competitive, gave everybody a tax cut in all range and brackets. I think the real interesting question here, this is a huge moment coming up because you have two very, very different road maps here. You have Donald Trump who’s proposing yet further reduction ares, talking about changes in the corporate rate, for instance, versus Joe Biden, and that came through very, very clear in the debate. Biden is looking to seriously raise taxes, in particular if on the wealthier Americans. His raft of proposals of what he’s going to use that money for was almost sort of laughable in the end because this isn’t enough money in the world to pay for all the proposals he’s got from shoring up Social Security to new practice, to cutting the deficit. The math doesn’t work. But I think what voters need to take away from this exchange is two very different road maps, one in which taxes go way up ultimately for everybody under a Joe Biden type plan because that’s the only way to get the revenue or further tabs reductions and broadening of the base hopefully, although with some unknown on tariffs."