The Biden Economic Policy

On Tuesday, Townhall posted an article about Joe Biden’s economic plan if he is elected President.

The article reports:

On his campaign website, Biden has a long document of his economic plan that reads like it was torn from any union membership guidebook. Dubbed “THE BIDEN PLAN FOR STRENGTHENING WORKER ORGANIZING, COLLECTIVE BARGAINING, AND UNIONS,” it almost reads like a worker’s manifesto. One telling sentence in the midst of this collectivist screed explains it all: “Yet employers steal about $15 billion a year from working people just by paying workers less than the minimum wage.”

When your platform is rooted on the concept that a business owner who retains their own money is “stealing” it from employees you have already revealed that the economy is not your focus. Donald Trump would do well to expose Biden’s plan for all the flaws it presents, with three targeted topics.

The three topics listed in the article are:

TAXES

Before he called a lid on this week Biden was involved in an earnest battle to explain away his proposed tax increases to pay for his various pipe dreams. The president has run ads declaring Biden is hiking rates on most Americans but Joe is battling this back — with the help of a compliant media — by insisting that he will not raise taxes on anyone earning less than $400,000. 

The problem: Even as the press struggles to back this claim they give evidence that there will be higher payments for most. Even those nominal brackets that get small increases are going to also feel it as prices rise, and other expenses are called into play. Plus there is the convenient wordplay involved. While Joe is not raising taxes on that sub-400K group he has pledged to repeal the Trump tax cuts. These have been real benefits felt by over 80 percent of Americans. Those cuts led to a number of benefits, from higher paychecks to lowering the unemployment rate, and even had unforeseen results such as lowered utility bills for citizens. So while Joe is not technically raising taxes, he is raising the burden on many workers.

TARGETING CORPORATIONS

No shock that Joe’s union-driven economic plan is hostile toward businesses. That language of demonizing companies as stealing from the employees is peppered throughout his plan, and the entire goal laid out is rather apparent — union jobs are more important than driving the economy. Looking past his promise to raise the tax rate on corporations and to close loopholes and other benefits for companies, this proposal completely targets businesses and does so repeatedly in the name of union stewardship. 

Collective bargaining is prioritized and there is a lengthy list of penalties, done entirely for the repeated promise to “Check the abuse of corporate power over labor.” From top to bottom Biden’s plan continuously mentions how companies will be penalized. He also targets right-to-work states where employees are NOT required to join unions, going so far as to promise to “Ban state laws prohibiting unions from collecting dues or comparable payments from all workers.” (Federalism? Who wants that?!) 

…AB-5

In California last year they passed a new employment law based on state Assembly Bill-5, which was targeting the gig-economy, independent contractors, and freelance workers. The intent of this union-derived bill was to target the workers at Uber, Lyft, and food delivery companies. It was said to be an effort to move these workers to full employment status so they could receive higher salaries and benefits, but what it actually was designed to do was shift these independent workers onto company payrolls so they could in turn become unionized.

None of these proposals would actually help ‘working people.’ They would actually strengthen unions and the elite who run them, raise the cost of living for the average person, and generally weaken the economy. The economic proposals of Joe Biden would simply undo the economic progress we have made in the past four years.