"You read about what happened in England recently, and the last
Prime Minister, she wanted to cut taxes for the super wealthy,"
Biden said during a fundraising call for Michigan lawmaker
Cynthia Axne.
"It caused economic chaos in the country. Well, that's what they
did last time and they want to do it again. And they want to
make that tax cut permanent — that $2 trillion," Biden said.
Some Republicans on the U.S. House Ways and Means Committee,
which oversees taxation and tariffs, have pledged to make
permanent part of the tax cuts introduced in 2017 under
President Donald Trump.
Truss introduced a tax cut on Britain's richest that sparked
turmoil in the financial markets and rebellion in her party, and
was forced to resign after 44 days.
Biden has refocused on the U.S. economy in recent days, as
support for Democrats wanes days ahead of the midterm elections
that will shape the next two years of his presidency.
(Reporting by Eric Beech, Writing by Heather Timmons; Editing by
Edwina Gibbs)
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