Joe Biden is Not Equipped to Oversee an Economic Recovery
As America begins to recover from the economic damage inflicted by the coronavirus pandemic, we simply can’t afford Joe Biden’s radical agenda.
August 17, 2020
In the aftermath of the 2008 financial crisis, Joe Biden’s handling of the recovery came under heavy criticism as it “failed to spur a strong comeback.” That shouldn’t come as much of a surprise given the Obama-Biden administration presided over the slowest economic recovery since World War II.
Biden’s failed economic record is only eclipsed by the far-left agenda he embraced during his third presidential campaign:
- Biden has proposed more than $7.1 trillion in new spending, and he plans to repeal President Trump’s historic 2018 middle-class tax cut.
- Biden wants to raise the top individual income tax rate to 39.6 percent, tax capital gains at 39.6 percent, and increase corporate tax rates. According to nonpartisan analysis, this would cut economic output by 1.3 percent, decrease wages, and eliminate at least 236,000 jobs.
- Biden is campaigning on a “significantly bigger government role” than Hillary Clinton did in 2016.
As America begins to recover from the economic damage inflicted by the coronavirus pandemic, we simply can’t afford Joe Biden’s radical agenda.
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