Joe Biden’s Economic Plan: Save the Middle Class to Save America
Biden’s economic plan involves a variety of tax hikes more modest than those proposed in the Democratic primaries by Senators Bernie Sanders and Elizabeth Warren. According to him, he will use the additional tax revenue to finance new spending on clean energy, expanded health care, more college aid, infrastructure and other initiatives.
According to “Yahoo Finance”, the Biden campaign has been asked several times for an interview with a Biden economic adviser to comment on the candidate’s plans but the campaign hasn’t responded.
The New York Times wrote on June 11 that “few aspects of Joseph R. Biden’s presidential campaign are shrouded in as much secrecy as the counsel he receives on the economy.”
Biden has reportedly formed an advisory committee with more than 100 economists, who are sworn to silence regarding their participation.
Report has it that part of Joe Biden’s campaign probably involves a strategy to let voters focus on President Trump’s negative marks for handling the coronavirus pandemic and an outbreak of racial unrest, rather than Biden’s own ideas.
“The Biden campaign would love to make this election a referendum on Donald Trump and not a choice between the two candidates,” Washington policy analyst Ed Mills of financial firm Raymond James says on the latest episode of the Yahoo Finance Electionomics podcast.
“The more Biden talks about his policies, the more it becomes a choice between the two candidates, and that is an opening for Trump.”
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