Election Countdown: Trump pushes tax cuts in speech to economic clubs as Biden’s polling lead in swing states grows

Florida, Pennsylvania and Wisconsin are all battleground states this election season, with Trump trailing Biden in polls of voters in all three, and Trump cast the election as “a choice between a socialist nightmare and the American dream.” As of Wednesday, Biden enjoyed a five-point advantage over Trump in polls of top battleground states

Now read: Here’s how key swing states are leaning in the presidential race — and how they’re weathering the recession.

The president unleashed familiar attacks on Biden and Democrats during the event, charging that “the economy will be destroyed” under policies including a $4 trillion tax increase. Biden is proposing between $3 trillion and $4 trillion in tax increases over 10 years, but has said he would start individual increases on incomes above $400,000 a year. Trump promised during the speech he’d deliver a middle-class tax cut if he’s re-elected, as well as further corporate cuts.

Sources: RealClearPolitics, FactSet

Biden, meanwhile, was attending a finance event on Wednesday, as both he and Trump looked forward to town halls with voters on Thursday night. The town halls are taking the place of a scheduled debate between the two candidates, after Trump objected to its format.

Also read: Trump raised 5 times as much money from America’s top CEOs as Biden.

U.S. stocks SPX, -0.57% on Wednesday gave up early gains, as investors digested earnings reports and monitored lawmakers’ deliberations over coronavirus aid.

Coronavirus update: U.S. death toll nears 216,000 as Midwest and Mountain West cases start to stretch hospital capacity.