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Most people think going it alone is the only thing that can help them financially in today’s chaotic and competitive (and now isolated) world. But that’s not the whole story at all. It would seem that there are many ways of earning if Joe Biden becomes President because of the kinds of ways he plans to help the little guy.
Joe Biden’s Impact on Taxes
One of the first and foremost things that Joe Biden wants to accomplish as President is to not cut taxes for the wealthy. Why, you ask? They’ve been getting tax breaks for a longer time than you think under the current President, and he doesn’t show any other good signs for wanting to help the needy. For example, Trump wants to cut Social Security for senior citizens in the near future and his trade policies haven’t helped farmers much. Just look at the downfall of the common soy farmer.
According to Huileng Tan of CNBC, “U.S. soybean exports to China are supposed to be one-third of what they were in the last marketing year.” All thanks to Trump’s new tariffs on trading with the Chinese. Biden would not allow these trade wars to happen, as he supports ending tariffs on China because they are “self-defeating.” By not cutting taxes for the wealthiest of Americans, Biden will even the playing field somewhat, allowing more room for the underdog to pave his way upwards.
Creating Greener Jobs
Biden also wants to create new green jobs. Ever thought of working in the clean energy field? On his website, Biden writes, “If executed strategically, our response to climate change can create 10 million well-paying jobs in the United States that will grow a stronger, more-inclusive middle class enjoyed by communities across the country, not just in cities along the coast.” If Biden is true to his word, we could be getting a major break, and who knows? You may just find a job in the climate change business as much of a boon as say the writing industry, but with no bachelor’s degree required, which would help millions find work!
Affordable College Education
Biden has even taken a page from Bernie Sanders’ book and opted to make colleges and Universities free for everyone, not basing it on income and putting it into practice for only families that earn below $125,000 a year. In addition to adopting Sanders policies, Biden has even taken note of Elizabeth Warren’s strategy of changing personal bankruptcy laws he helped form. For this strategy, Biden used a type of law he titled “Fixing Our Bankruptcy System to Give People a Second Chance,” and this law makes student loans dischargeable. It seems like Biden is doing the best he can to make the playing field more fair, all the while learning from his opponents in order to help every day, middle-class and low-income Americans. So why wait for things to get better with another four years of Trump-Pence?
Trump has increased taxes on middle class Americans and lowered rates for the richest 2%, according to Bernie Sanders, who most prominently repeats this fact. He’s literally helping his friends and leaving the Americans he claimed would benefit from his Presidency in the dust. And now he wants to cut social security for older Americans—he specifically wants to delay most of the payroll tax that pays for social security.
What do you think about how Joe Biden and the democratic party can save Americans money? Let us know down in the comments.
This article originally published on GREY Journal.
