Pauls' Revere
Member
- Joined
- Nov 15, 2007
- Messages
- 11,347
He's an Old School tax and spend liberal. In other words, government deciding who wins and loses.
https://www.msn.com/en-us/news/poli...n-to-pull-the-us-out-of-recession/ar-BB18fZZo
Joe Biden would consider another round of stimulus checks if he's elected in November. Here's his economic plan to pull the US out of recession.
Joe Biden is the Democratic nominee for president, and he's proposed $4 trillion in new tax increases to fund a collection of federal programs to pull the US out of recession.
Among the measures are a possible round of stimulus checks, state aid, $8,000 tax credits for parents with young kids, and coverage of health-insurance costs for newly jobless people.
He also supports boosting unemployment benefits, though his platform doesn't specify an amount.
Biden's pandemic platform
Biden would increase funding for coronavirus testing and tracing to slow the rate of infections and ultimately thwart the virus. Most economists say the US economy won't be able to recover until the spread of the pathogen is under control with a vaccine.
But with unemployment still likely to be near 10% next year, Biden has laid out a roadmap to jumpstart an economic recovery. Among those key measures:
Another possible round of stimulus checks.
Boosting unemployment benefits and strengthening existing systems.
Implementing paid sick leave for workers.
Creating an $8,000 annual tax credit for parents of young children.
Covering the cost of health-insurance for newly unemployed people.
It also includes federal aid to states. Local and state governments can draw from a pool of funding to enact rental relief programs or assist small businesses in dire financial straits due to the pandemic.
Other pillars of Biden's economic plan include a $700 billion initiative to shore up US manufacturing and research programs to spur innovation at home. It's part of a broader campaign plan called "Building Back Better," which also includes initiatives to tackle racial inequality.
"When Vice President Biden says building back better, he means building an economy that is far more resilient to the kinds of shocks that come fast and furiously in today's global economy," Jared Bernstein, an outside economic adviser to Biden, said on PBS Newshour.
Much of Biden's agenda hinges on Democrats retaking control of the Senate, which Republicans have controlled since 2014. With the filibuster in place, the size of a Democratic majority could decide whether Biden is thwarted by a GOP that's unlikely to support many of his proposals.
https://www.msn.com/en-us/news/poli...n-to-pull-the-us-out-of-recession/ar-BB18fZZo
Joe Biden would consider another round of stimulus checks if he's elected in November. Here's his economic plan to pull the US out of recession.
Joe Biden is the Democratic nominee for president, and he's proposed $4 trillion in new tax increases to fund a collection of federal programs to pull the US out of recession.
Among the measures are a possible round of stimulus checks, state aid, $8,000 tax credits for parents with young kids, and coverage of health-insurance costs for newly jobless people.
He also supports boosting unemployment benefits, though his platform doesn't specify an amount.
Biden's pandemic platform
Biden would increase funding for coronavirus testing and tracing to slow the rate of infections and ultimately thwart the virus. Most economists say the US economy won't be able to recover until the spread of the pathogen is under control with a vaccine.
But with unemployment still likely to be near 10% next year, Biden has laid out a roadmap to jumpstart an economic recovery. Among those key measures:
Another possible round of stimulus checks.
Boosting unemployment benefits and strengthening existing systems.
Implementing paid sick leave for workers.
Creating an $8,000 annual tax credit for parents of young children.
Covering the cost of health-insurance for newly unemployed people.
It also includes federal aid to states. Local and state governments can draw from a pool of funding to enact rental relief programs or assist small businesses in dire financial straits due to the pandemic.
Other pillars of Biden's economic plan include a $700 billion initiative to shore up US manufacturing and research programs to spur innovation at home. It's part of a broader campaign plan called "Building Back Better," which also includes initiatives to tackle racial inequality.
"When Vice President Biden says building back better, he means building an economy that is far more resilient to the kinds of shocks that come fast and furiously in today's global economy," Jared Bernstein, an outside economic adviser to Biden, said on PBS Newshour.
Much of Biden's agenda hinges on Democrats retaking control of the Senate, which Republicans have controlled since 2014. With the filibuster in place, the size of a Democratic majority could decide whether Biden is thwarted by a GOP that's unlikely to support many of his proposals.
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