Joe Biden's Economic Policy
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Joe Biden's Economic Policy

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On the economy, Joe Biden has trailed or at best has been on par with President Trump. It is almost impossible for a candidate to win a presidency underperforming on the economy. In fact, Bernie Sanders today criticised Joe Biden for not emphasising enough about the economy

Here is a summary of Joe Biden's economic policies

Prevent Layoffs in state, local, and tribal governments through direct aid

Extend COVID crisis unemployment insurance to help those who are out of work

Creating a Public Healths Job Corps

$ 400 B procurement initiative to create jobs locally

$300 B R&D Investment to create high tech jobs locally

Tighter made in America criteria to ensure more jobs are created locally

Tighter processes to prevent waivers on Federal Government buying American products (To create jobs locally)

R&D Support from Government will come with riders of Make in America

American ships to carry American Cargo between US Ports

Stronger support for Small and Medium enterprises - Provide Capital for Small-Medium Manufacturers to Invest and Compete (Size Unknown), Quadruple the Manufacturing Extension Partnership to help America’s small and medium-sized manufacturers compete for Buy American contracts and modernize, Pass a Manufacturing Tax Credit to Retool and Revitalize Small and Medium Enterprises

Free high-quality training programs and community colleges and free tuition for 4-year degrees for families earning less than $125,000, Investing $50 billion in high-quality training program

China: Take aggressive trade enforcement actions against China - including currency manipulation, anti-competitive dumping, state-owned company abuses, or unfair subsidies, Confront foreign efforts (China and other state led actors)

End incentives that allow multinationals to dramatically lower taxes on income earned overseas and allow the largest, most profitable companies to pay no tax at all

Joe Biden wants to spend > $ 1 Trillion on infrastructure in the next 10 years

Biden will rollback tax cuts, apply payroll tax to those earning > $400,000. 75% of the tax hike will be borne by top 1%

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