President Joe Biden wants voters to believe it is Donald Trump who would cut taxes for his friends at the expense of other members of the public who are not so well connected. But when you look at Biden’s tax plan, especially to raise corporate taxes selectively, it becomes clear that he, not the former president, plans to enrich wealthy donors at the expense of everyone else.

In addition to cutting income taxes for everyone, Trump’s Tax Cut and Jobs Act of 2017 lowered the corporate income tax rate from a near-world-high 35% to a world-average 21%. According to the nonpartisan Tax Foundation, these changes helped grow the economy by 1.7%, raised wages by 1.5%, and created 339,000 full-time jobs.