The first presidential debate between President Trump and former Vice President Biden demonstrated the many differences between the two candidates on tax policy and other issues.
This Insight provides a brief overview of key business and individual tax proposals offered by President Trump and Vice President Biden. The Insight also includes a side-by-side comparison of current-law tax provisions and the candidates’ tax proposals.
The 2020 elections will play a critical role in setting the direction for future tax policy and other key issues of interest to American voters. The outlook for tax legislation in 2021 affecting individuals and businesses will depend both on who is elected president and which party controls the House and Senate.
For a PwC Insight on individual tax considerations for the 2020 elections, click here.
For a PwC Insight on business tax considerations for the 2020 elections, click here.