Politics Trump-Biden: Opposing Visions of the Economy
Fact check: Biden voted to tax Social Security, wants to reform retirement benefits
As a senator, Joe Biden voted to tax Social Security benefits. As a presidential hopeful, he does not propose taxing property or retirement accounts.The former senator from Delaware was also the deciding vote in raising the Social Security tax rate to up to 85% in 1993, according to the meme.
Rebuilding the United States, but better, is the agenda championed by Democrat Joe Biden, the former vice president of Barack Obama against incumbent Republican President Donald Trump. The programs of the two candidates are radically opposed on many points, and in particular on the economy.
Faced with, Joe Biden has bent some of his positions on the line of his former Democratic rival, Bernie Sanders. If Joe Biden is elected on November 3, 2020, the wealthiest Americans and big business will pay an additional $ 4 trillion in taxes over the next ten years. Tax revenues will be reinvested in infrastructure, education and social programs, to help poor households and the middle classes.
The week in polls: Trump erases Biden's bounce in Florida, Biden gains in Georgia
In the Senate, a poll found Doug Jones may not be doomed after all. And another found Lindsey Graham's race may not be as tight as believed.They have found Biden still holding a commanding lead nationally (though down slightly from last week) and leading in 10 of 12 swing states. But Trump regained a slight polling average lead in Ohio and ate a big chunk out of Biden's leads in Pennsylvania and Minnesota. Trump also erased Biden's gains in Florida from last week, which some Democrats had hoped signaled their nominee was pulling away in the crucial Sunshine State.
One wants to increase taxes, the other to lower them. The tax reforms launched during Donald Trump's first term have mainly benefited companies and the highest incomes. For his second term, the Republican promises tax cuts for households, while remaining rather vague.
Its electoral program includes 50 priorities, but is not very detailed. To revive the economy weakened by the health crisis, Donald Trump intends to create ten million jobs in ten months. But he does not specify how he intends to achieve it. More than 11 million people are unemployed today.
Restore destroyed jobs
To revive the economy weakened by the health crisis, Joe Biden is planning a major public investment stimulus plan that could amount to $ 2 trillion, especially in ecological transition. A job-creating sector.
Fact-checking Trump's massively dishonest weekend: The President made at least 66 separate false or misleading claims in three days
President Donald Trump's dishonesty is getting worse. © Mandel Ngan/AFP/Getty Images US President Donald Trump gestures during a rally at Southern Wisconsin Regional Airport in Janesville, Wisconsin on October 17, 2020. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) Trump has been reliably deceptive for his entire presidency, filling his speeches and tweets with lies and other false statements.
Its environmental program is the opposite of the ideas championed by Donald Trump. Joe Biden promises the return of the United States tofrom which Donald Trump withdrew in 2017, with the aim of ending carbon emissions by 2050. For y To achieve this, it intends to put in place several flagship measures, such as the construction of low-energy housing, assistance for the purchase of electric cars, but also the switch to electric for government vehicles.
According to economists at the rating agency Moody's, Joe Biden would be in the best position to boost the US economy. According to their calculations, full employment, which disappeared with the Covid-19 crisis, could be back in the second half of 2022 with the Democrat, and only in the first half of 2024 with the Republican.
Priority to national production
Due to the coronavirus epidemic, public health has a large place in the programs of the two candidates. Among Donald Trump's priorities for this second term, there is the repatriation of the manufacture of protective equipment and drugs to the United States and the replenishment of stocks to face possible future pandemics.
For his part, Democrat Joe Biden wants to reduce from 65 to 60 the minimum age to benefit from health coverage for seniors, which would concern 20 million Americans.
Despite this opposition, there is one point on which the two candidates agree: the importance of "made in America", hammered out by Donald Trump throughout his mandate. One would expect trade relations with China to be much the same.
Candidate Trump decried the national debt in 2016 and promised to eliminate it. It's only gotten bigger. .
Analysts point to several reasons for the jump, including his tax cuts in 2017 and the federal response to the economic fallout from the pandemic."We can't send another politician to the White House," Trump tweeted on July 24, 2015, a few weeks after he announced his candidacy for the presidency.