A news article in the Wall Street Journal explains the stakes in the 2024 elections in terms of federal taxes over a decade: The Republicans want to extend $4 trillion in tax cuts, while Democrats want to impose $2 trillion in tax increases. From the Journal:
"It's just striking both how clear and how large the gap is between these two approaches," said Brian Deese, Biden's former National Economic Council director, in an interview arranged by the president's campaign.
Even if you think Biden won't get all he wants or Trump won't get all he wants because both will wind up needing to compromise to get anything passed by Congress, what the Journal describes as a "$6 trillion gap" is no small thing. I'm not quite sure why the Biden campaign thinks it's going to help them for the voters to understand that Biden wants to tax and spend $6 trillion more than Trump does, or that Trump would let the private sector keep $6 trillion that Biden would prefer to tax and spend. Maybe Biden thinks that he'll be able to convince voters that the whole $6 trillion is going to come only from people making more than $400,000 a year, and that the spending will benefit everyone else.
Actually, we're already starting to see the Biden 2024 campaign message develop. Basically, it's that Trump is a would-be dictator and racist, while Biden is going to take $6 trillion away from rich people and redistribute it to the people who vote for Democrats. If you think the country is polarized now, just wait until we go through ten months of this.