Tim Scott says Biden is ‘willing to tank’ economy by getting rid of Trump tax cuts [Video]

Sen. Tim Scott, R-S.C., slammed President Biden for being “willing to tank America’s economy for no actual purpose” after the president announced his intention to let tax cuts passed under former President Trump expire if Biden is re-elected. 

“The bottom line is a very simple one,” Scott told Fox News Digital in an interview Friday. “You allow for more than $2.4 trillion of tax cuts to expire, that means you own the largest tax increase on the American people in the history of the country.”

The Tax Cuts and Jobs Act of 2017, which slashed rates in almost every tax bracket while also decreasing the corporate tax rate, among other things, will expire in part in December 2025. Whether those tax reforms are renewed will depend on who is in the White House and which party controls the House and Senate after the 2024 general election. 

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Scott helped …