Joe Biden is the Walter Mondale of 2020

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Posted by Adam Sabes on Tuesday, June 4th, 2019, 12:57 PM PERMALINK

Americans for Tax Reform Communications Associate Adam Sabes wrote an op-Ed in The Hill, arguing that Joe Biden is the Walter Mondale of 2020 because of his repeated threats to repeal the Tax Cuts and Jobs Act.

Joe Biden opened his much hyped 2020 presidential campaign last month by proclaiming the “first thing” he would do if elected is to repeal the Tax Cuts and Jobs Act. That means the middle class would see a tax increase. Does that sound eerily familiar? It is because Walter Mondale made a similar promise when he ran for president against Ronald Reagan,” Sabes wrote.

Sabes said that if Biden gets his way and repeals the Tax Cuts and Jobs Act, our economy would suffer.

“This plan to undo the tax law would damage our national economic competitiveness and harm jobs and wages by raising the corporate tax from 21 percent back to 35 percent, the highest rate in the developed world. The small business deduction of 20 percent on any pass through income would disappear if Biden fulfills his promise, hurting millions of sole proprietorships, limited liability companies, and more,” he wrote.

While running on repealing the TCJA may work for him now, the same strategy cannot be used during the general election, Sabes contended.

“Running on a repeal of the Tax Cuts and Jobs Act may be convenient for Biden during a Democratic primary where he can gain a lot of support for the idea. But this is not a winning strategy in the general election and he could more than likely attempt to backtrack. Voters will see through it."

Photo Credit: Center for American Progress/Flickr

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