In the 30-second ad , which will air in the battleground states of Georgia and Pennsylvania, a narrator says, "Donald Trump loves to attack Joe Biden because he's focused on revenge and he has no plan to help the middle class. He'd just give more tax cuts to the wealthy."
The ad goes on to say that "Joe Biden is working every day to make your life more affordable," pointing to policies capping the price of insulin for seniors at $35, lowering health care costs and backing higher taxes for corporations so they "pay their fair share."
"Here's the difference: Donald Trump is only out for himself. Joe Biden is fighting for your family," the ad concludes.
Trump has made the economy a major issue in his campaign against Biden, blaming the president for stubborn inflation that remains high despite dropping significantly over the past year and increased interest rates.
"I will end the Biden inflation nightmare," Trump said in a speech Saturday to the Faith & Freedom Coalition in Washington.
President Joe Biden delivers remarks at an event marking the 12th anniversary of the Deferred Action for Childhood Arrivals (DACA) program in the East Room at the White House on June 18, 2024 in Washington, DC. Kevin Dietsch, Getty Images
Trump spokesman Steven Cheung said “the true benchmark for Thursday’s debate should be whether or not Joe Biden can defend his disastrous record on inflation and the out-of-control border invasion versus President Trump’s unquestioned first-term record of success.”
In an appeal to the middle class, Biden has repeatedly slammed the 2017 tax cuts that Trump pushed through Congress as president to reduce the tax rate for large corporations and high-income earners. The cuts expire at the end of 2025. Biden has said the corporate taxes should be returned to its higher rate while Trump wants to extend the cuts.
The new Biden ad is part of a $50 million paid media campaign that also includes a television ad the campaign released last week attacking Trump over his recent conviction in his hush-money trial in New York.
Republican presidential candidate, former U.S. President Donald Trump greets supporters at sandwich stop Tony and Nick's steaks on June 22, 2024 in Philadelphia, Pennsylvania. Anna Moneymaker, Getty Images
Despite a booming jobs market, low unemployment and and a record-high stock market, Biden has struggled to find credit for an improving economy because of inflation. But a new poll released last week by Fox News, which found Biden leading Trump 50%-48% in a head-to-head matchup, shows the tide could be turning in Biden's favor when it comes to Americans' outlook on the economy.
The poll found more Americans still trust Trump over Biden on the economy, but by a narrower 51%-46 margin compared to Trump's 55%-42% advantage on the economy in the same poll last month. And while only 30% of respondents last month said the economy is "getting better," the latest Fox News poll found 41% are optimistic about the economy.
“When Americans tune into the debate Thursday night, they’ll only see one candidate in this race fighting to make life better and more affordable for working families, and that’s Joe Biden," Biden campaign director Michael Tyler said in a statement.
"We’ve already seen Donald Trump’s economic vision in action: massive handouts for his billionaire friends, incentivizing companies to ship jobs overseas, and going after your hard-earned health care and Social Security," Tyler said.
To push an economic contrast with Trump, the Biden campaign on Tuesday is holding an event in Atlanta with more than a dozen small-business owners to highlight the administration's efforts to assist minority-owned businesses. The campaign is hosting similar events in Pennsylvania and Nevada.
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