What are the CNN Presidential Debate candidates' stances on the economy?

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Biden on the economy

President Biden has pointed to several different positive economic markers throughout his presidency, including the stock market and incremental improvements to inflation. He has acknowledged the economic issues that many still face, promising to ease taxation burdens on middle class families but also vowing to raise taxes on those who make more than $400,000 a year and large corporations. 

Trump on the economy

Former President Trump has been critical of the economy under Biden, specifically the pressure Americans have felt during inflation. He has vowed to stop spending on “grants and giveaways under the Joe Biden mammoth socialist bills like the so-called Inflation Reduction Act.”

Further, Trump has promised to use the impoundment power to cut waste and bureaucracy, thereby claiming to save taxpayers money . Trump would also be expected to seek to renew the tax cuts he secured in the 2017 Tax Cuts and Jobs Act, which will begin to expire at the end of 2025.