[ad_1]
One wants to raise taxes, the other to lower them. One will seek to deepen the economic war with China, the other to ease tensions.
But neither of them will accomplish much without the support of the United States Congress. The economic policy proposals of President Donald Trump and his Democratic challenger Joe Biden they offer dissimilar views on the world’s largest economy ahead of the November 3 elections.
(It may interest you: Who is winning the US presidency according to the polls?)
Biden’s agenda targets the poorest Americans and includes a number of measures that would imply an abrupt change with respect to Trump’s management, with a return to the policies of Barack Obama, of whom he was vice president.
Trump, by contrast, offers what analysts lament as few details of his economic platform except his promise to restore a comparatively good economy and the employment record Americans enjoyed through March, before the coronavirus pandemic wiped it all out.
I would say that Biden’s plan is really an expansion of existing social programs
“I would say that the Biden plan is really an expansion of existing social programs,” said John Ricco, senior analyst for the Penn Wharton Budget Model at the University of Pennsylvania.
(Read here: Trump will be able to participate in public events starting Saturday: Conley)
“In contrast, the Trump plan, to the extent that such a plan exists, …addresses the same topics that the administration has followed for the past four years“.
To what extent each will achieve what they want will depend on who controls Congress, currently divided between a Republican-held Senate and a Democratic-dominated House of Representatives.
Polls show an advantage for Biden and several Democratic Senate hopefuls, which is why analysts lean, albeit cautiously, for an eventual victory for Biden and a majority of his party in the upper house.
(Also read: Drug against covid-19 that Trump took is based on human fetuses)
If Republicans keep the White House or Senate, we expect few new federal policies
“Democratic control of the Lower House, Senate, and White House would produce one of the biggest policy changesBut if the Republicans keep the White House or the Senate, we expect little new federal, fiscal or other policies, “JP Morgan said in a note.
AFP
More international news:
– This is the group that planned the kidnapping of the governor in the US.
– ‘Contracting covid-19 has been a blessing from God’: Trump
– Biden will also not participate in the next debate after Trump’s refusal
