Joe Biden's plans would not only lead to greater long term economic growth; they would also spread the bounties of that growth much more broadly than Trump has done.
They also reflect a more sophisticated understanding than Trump's about how to use the federal balance sheet to create long term growth for the economy in a way that will benefit a much broader swath of our population.
When Biden talks about reversing the 2017 tax cut by raising taxes on the wealthiest Americans, he makes it clear that families earning less than $400,000 annually won't be affected. But he knows that there are more productive uses for these additional funds – like investing in infrastructure, improving educational opportunities, buying more American-made goods and advancing research and development – than facilitating share buybacks.
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