Trump vs. Biden – Economy

  • Trump
  • Grant tax credits to companies that move manufacturing back to United States, tariffs on those that don’t.
  • Continue improving trade deals after USMCA, China Phase 1, South Korea, and Japan deals.
  • Continue to cut regulations for businesses.
  • Make major investment in infrastructure.
  • Launched “opportunity zones” program in 8,766 distressed areas, which so far, have attracted $75 billion in private capital.
  • Build on becoming a net energy exporter.
  • Biden
  • Increase the federal minimum wage to $15 per hour.
  • Strengthen worker organizing, collective bargaining, and unions.
  • Make major investment in infrastructure focused on reducing carbon emissions.
  • Make racial equity part of the mandate of the Federal Reserve.
  • Will insist on strong and enforceable standards for labor, human rights, and the environment in any future trade agreements.
  • Will ban anonymous shell companies, expand anti-money-laundering requirements, disclosure of beneficial ownership, and greater oversight of cross-border transactions.