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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 ...
During the 2020 campaign, then-candidate Joe Biden promised to raise taxes on wealthy Americans and big corporations. He said it was needed to pay the ever-growing mega-tab for COVID-19 stimulus ...
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Biden inherited an economy still recovering from the pandemic with an unemployment rate of 6.4% in January 2021. Under his administration, the unemployment rate fell to 3.4% by January 2023 ...
“Three years ago, I inherited an economy on the brink,” Biden said. “Now, our economy is the envy of the world.” ... Read the latest financial and business news from Yahoo Finance. Show ...
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.
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 ...