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In March 2021, Biden signed a $1.9 billion economic stimulus package of his own, including another round of $1,400 direct payments as well as an expansion of the child tax credit.
In the closing days of this year’s election, Barack Obama complained that Trump had inherited his economic successes in 2017. Trump has reason to jump the gun on taking credit for the economy ...
President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation ...
Biden on the corporate minimum tax. Biden cited a 2021 report from the Institute on Taxation and Economic Policy think tank that found that 55 of the country’s largest corporations had made $40 ...
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
The same goes for unemployment. When Biden took office, the unemployment rate was 6.3%. It’s now 3.7%, close to a record low. The average unemployment rate of the last 75 years is 5.7%, so Biden ...
Some economists who spoke to ABC News agreed that there was an absence of a complete economic plans from Harris. However, they added, Trump has also failed to provide a detailed set of policy ...
The economic policy of the first Trump administration was characterized by the individual and corporate tax cuts, attempts to repeal the Affordable Care Act ("Obamacare"), trade protectionism, deregulation focused on the energy and financial sectors, and responses to the COVID-19 pandemic.