President Joe Biden‘s camp is examining strategies to make up for lost ground in the upcoming presidential election, and raising taxes on the wealthy to bolster Social Security is on the table.
According to a recent party nominee satisfaction poll by ABC News and IPSOS, Donald Trump leads at 72 percent among leaned Republicans, with Biden trailing 57 percent among leaned Democrats.
According to the latest Harvard-Harris poll, Trump holds a 53 to 47 lead over Biden in general election polling.
With Trump emerging as the most likely GOP frontrunner, the current President’s aides have floated the idea of imposing new taxes on the wealthy to help further fund Social Security benefits, sources tell the Washington Post.
As the former President has vowed once again to protect Social Security if elected, some Biden advisors believe this move could help define the contrast between economic policy on either side of the aisle.
It would require Biden to expand his proposed tax increases, although they would not affect people earning under $400,000 per year, people familiar with the matter told the publication.
“Desperately Tries”, that says it all.
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