This Biden vs. Trump pros and cons list is a non-exhaustive list of the advantages and disadvantages of each candidate's economic platform. Biden wants to raise the corporate tax rate to 28% again. This would reduce the United States' international competitiveness. It would also be detrimental to workers, who bear the majority of the burden of corporate taxation through fewer jobs and lower wages. Biden supports nationalizing California's anti-gig economy legislation. Done in the name of "labor rights," this can undermine or destroy the tens of millions of jobs across the country that offer people flexible earning opportunities such as driving for Uber or freelance journalism, as demonstrated in this Biden vs. Trump pros and cons chart.
Similar Mind Maps
Biden Vs Trump
Supports lower taxes: Good for business
Lower governmetn spending (less support foreconomy post Covid-19)
Erratic personality - markets do not likeunpredictability
Confused leadership around the Covid-19response. Lack of cihesion.
Known entity - markets like certainty
On-going anti-China rhetoric, tariffs, and tradewars bad for business and share markets
Environment unfriendly (climate sceptic). Goodfor oil, gas, and coal industry.
Promotes weapon sales to Saudi Arabia and theMiddle East. Good for military company shares.
Keen on deregulation reducing costs for business.
No change to minimun wage.
Democrat: Social justice-friendly
Will raise company tax rate from 21% to 28%
Higher government spending (supportingeconomic recovery post Covid-19)
Stable personality - markets like predictability
More traditional science-based leadership forresponse to Covid-19
Unknown entity - markets do not like uncertainty(although he has had 8 years as vice-president)
Less anti-China rhetoric. Less tariffs. Less tradewars. Business hates tatiffs and trade wars asthey create uncertainty and incrases costs.
Environment-friendly. Good for sociallyresponsoble investments like alternative energy.Bad for oil, gas, and coal industries.
Bad for weapon sales to Saudi Arabia and theMiddle East affecting military company shares
Will reinstate some regulations that Trump hasremoved hurting some business sectors such asmining
Higher minimum wage currently at $2.25 perhour. Should increase spending. Good for post-Covid recovery. Higher costs for business.