Trump, Biden outline competing visions for US economy

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One US presidential candidate wants to raise taxes, the other lower them. One will pursue an ongoing trade war, the other may throttle back tensions. And neither will get much done without Congress's approval.

, which is currently split between the Republican-controlled Senate and the Democrat-controlled House.

Trump has vowed to restore what he calls"the greatest economy in history," the period from his 2017 inauguration up until March; after a decade of economic expansion, unemployment was at a 50-year low. Biden's platform is targeted at the poor and middle class, whose"tax bill will remain roughly the same as it is today, but they are significant beneficiaries of increased government spending on education, healthcare, housing, a plethora of other social programs and a larger economy," Zandi and Yaros wrote.

 

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