Trump, Biden and a tale of two tax plans in 2020

“You can't have your tax increase, so I'm cutting taxes,” President Trump told supporters at a recent rally.

The comment was not only a reference to the tax cuts President Trump is proposing in his economic plan, but also the tax hikes that his challenger has outlined.

A Fox Business Network comparison of the two plans notes that while there is no formal outline for his tax agenda, the Trump campaign claims that President Trump's goals for a second term include proposing further cuts beyond those passed under the Tax Cuts and Jobs Act in 2017 in order to boost take-home pay and keep jobs in America.