Biden is set to RAISE taxes to help fund social security benefits as the president desperately tries to make up ground in polling against Trump ahead of the general election

President Joe Biden’s camp is exploring strategies to make up lost ground in the upcoming presidential election, and raising taxes on the wealthy to shore up Social Security is on the table.

According to a recent satisfaction survey about nominated parties According to ABC News and IPSOS, Donald Trump leads with 72 percent among Republican leanings, while Biden trails with 57 percent among Democratic leanings.

According to the latest Harvard-Harris poll, Trump has a 53-to-47 lead over Biden in the general election polls.

With Trump emerging as the Republican Party’s most likely front-runner, the current president’s aides have floated the idea of ​​imposing new taxes on the wealthy to further help fund Social Security benefits, sources tell the Washington Post.

With the former president vowing again to protect Social Security if elected, some Biden advisers believe the move could help define the contrast between economic policies on either side of the aisle.

Biden should expand his proposed tax increases, although they would not affect people making less than $400,000 a year, people familiar with the matter told the publication.

Trump has a 53-47 lead over Biden in the general election polls, according to the latest Harvard-Harris poll

The Biden administration has floated the idea of ​​raising taxes on the wealthy to help fund Social Security, in an effort to represent the middle class

About half of likely voters said Biden’s policies would make them worse off financially, while the same share said Trump’s policies would make them better off, according to a 10-12 CBS News/YouGov poll January was held.

Still, the president’s camp claims he is working for average Americans, a contrast to Trump’s policies, which have historically been lax toward corporations and the wealthy.

“President Biden is fighting to continue building an economy that puts the middle class at the center — not wealthy special interests,” White House spokesman Andrew Bates said in a statement.

“American families deserve more historic progress in lowering the cost of medicine, a fairer tax code that rewards work instead of wealth, and the elimination of junk fees that cheat them.”

Some Biden aides see the efforts to restrict certain prescription drugs as perhaps their strongest political message, backed by a majority of voters demanding aggressive action against pharmaceutical companies.

Biden officials have been tossing around ideas about ways to cap prices on the private market while extending the same benefit to those not covered by Medicare.

Opponents on both sides of the aisle continue to clash over tax policy, with Biden reaffirming his commitment to the middle class.

The president approved a new 15 percent minimum tax on corporate profits as part of the Inflation Reduction Act, giving him room to tout his proposal to tax billionaires as a target for a possible next term.

Opponents on both sides of the aisle continue to clash over tax policy. Under the Trump administration, companies received a significant tax cut

Other pitches from the president’s team include limiting some prescription drugs — a measure that has proven popular with voters — and eliminating surprise “junk fees.”

Despite labeling his administration’s tax cuts as a “middle-class miracle,” Trump’s tax policies appeared to work against them.

In 2018, the richest 400 families in the US paid an average effective tax rate of 23 percent, while the bottom half of American households paid a rate of 24.2 percent, economists Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley found.

On December 22, 2017, Trump signed the Tax Cuts and Jobs Act, which included a major reduction in the corporate tax rate.

In another effort to undermine powerful companies, the Biden camp is likely to focus on inflating corporate prices and hidden “junk fees,” or surprise fees that companies slap on bills.

On Wednesday, the Consumer Financial Protection Bureau unveiled a plan to cap overdraft fees, following moves to create price transparency at entertainment giants Live Nation and Ticketmaster and to crack down on airlines’ hidden fees.

But the courts have hampered some of the government’s progress, and companies’ profit margins remain higher than pre-pandemic levels.

Biden and Trump remain close in a poll by ABC News and IPSOS. Americans find Biden 33 percent favorable, two points behind Trump’s 35 percent favorable.

Biden’s advisers say the president’s campaign message will become clearer after the State of the Union address and White House budget proposal in March.