HOW BIDENOMICS CAME TO BE.

ECONOMIC policy; SUPPLY-side economics; GOVERNMENT policy; INTERNATIONAL competition; VOTING; CAREGIVERS; UNITED States presidential election, 2020

In response, Biden has proposed a revolutionary new global corporate income tax, and in his first speech to Congress on April 28, Biden trotted out his third $2 trillion plan in a hundred days and boasted that his infrastructure spending scheme would be "the largest jobs plan since World War II." Features ONLY A YEAR AGO, JOE BIDEN was seen as an aging if likable establishment figure whose main claim to the U.S. presidency was that he wasn't Donald Trump. One longtime Biden aide, the economist Jared Bernstein, confirms that none of this thinking is new for the 78-year-old president: Biden has long believed U.S. global leadership is entirely dependent on U.S. economic leadership. EU leaders are also increasingly irritated by Biden's apparent willingness to keep in place Trump's steel and aluminum tariffs (which are popular among steelworkers' unions, whose support Biden cherishes). [Extracted from the article]

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