The 2020 presidential election is about what people don’t want as much as what they actually do want.
For the left, getting Donald Trump out of office tops the wish list. It’s been that way since the day after the 2016 election. For them, everything the president has done is bad, every move sinister, and every policy one more nail in the progressive coffin.
To be fair, Trump hasn’t done himself any favors with his incessant Tweets, revolving door cabinet and mixed messaging on the coronavirus.
Biden allegedly offers a return to “normalcy.” But, what’s normal in 2020?
Biden’s platform is a risky love letter to social justice warriors and those who believe capitalism is the root of all evil.
For starters, Biden wants to increase the corporate tax rate. The Hill cited an economic study by Kevin Hassett and Aparna Mathur which concluded that corporate tax hikes lead to a substantial decrease in wages and spending, and spurred businesses to move out of the country.
That’s not what we need, especially as a report by Yelp found that 60% of businesses around the U.S. that shut down due to the coronavirus will remain closed forever.
Biden has big plans for spending, some $5.4 trillion for universal pre-K, free community college, clean energy and other programs. The wealthy will foot the bill, thanks to eliminating the Republican tax cuts and making the rich “pay their fair share.”
But a look at data released by the Congressional Budget Office analyzing 2017 household income shows that the top 20% of households already pay 87.1% of federal income taxes and 69.2 % of all federal taxes; and the top 1% of households pay an average income tax rate of 24.4% while the middle 20% of households pays an average income tax rate of 3.3%.
read more:
https://www.bostonherald.com/2020/10/27/the-herald-endorses-president-trump/
Replies