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This isnt an easy decision for voters because of the current state of the economy.
Additionally, inflation has made the prices of rent, gas and even groceries challenging for the average American.
Try This:$10K or More in Debt?
Healthcare
One major concern for over 80% of Americans is the cost of healthcare.
Trump has not proposed any alternative healthcare plans.
The Tax Cuts and Jobs Act impacted tax brackets, lowering the amount that middle-class Americans had to pay.
That is set to expire in 2025.
This might mean increasing the amount of theChild Tax Credit Americanscould claim on their taxes.
This could be challenging for Americans who are barely making ends meet.
Biden, if reelected, will most likely let the TCJA sunset, said DeLuca.
Student Loan Debt
Biden had proposed a plan to forgivestudent loan debt.
While this is a hot-topic issue for most Americans, its unlikely theyll see a reduction in everyday spending.
Biden has not voiced any plan of action to lower the inflation rate.
His focus on loweringtaxes and student loan debtwhile increasing healthcare benefits would increase government spending.
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