Look for big legislation on health care, education, campaign-finance reform--and a lot more stimulus.
Joe Biden leads President Trump in the polls, and if Biden wins, there’s maybe a 50% chance Democrats will retake the Senate and control both houses of Congress. If that happens, what would the Democrats’ top priorities be in 2021?
Democrats also want hundreds of billions in housing and food assistance, hazard pay for essential workers, child-care assistance, Medicaid expansion and other safety-net programs. The Republican plan allots little to those causes. And Democrats want to continue paying $600 per week in extra unemployment insurance to workers who lost their jobs, through next January. Republicans support just $200 per week, with an earlier phase-out.
Biden would raise the corporate tax rate from 21% to 28%, raise income taxes on people earning more than $400,000, and impose other new taxes on businesses and the wealthy. Those are supposed to pay for new measures such as improving the Affordable Care Act, covering college costs for lower-income students, expanding housing aid and other things.
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