Democrats seeking to challenge him say Trump's economy has benefited the rich while leaving behind the working class. Their proposals range from a sweeping pledge of universal healthcare to comparatively modest tax breaks for the poor
1 / 5Democratic 2020 U.S. presidential candidate and former Vice President Joe Biden speaks during a campaign event in Iowa City, Iowa, U.S.By Trevor Hunnicutt and Jason Lange
Here are some of the views of the top 2020 presidential candidates on jobs, taxes and government assistance.Trump says his efforts to deregulate industries and cut taxes have boosted the stock market and brought the unemployment rate to historic lows."We're an economic powerhouse like actually we've never been," he told reporters in Davos, Switzerland, on Jan 22.
Trump is also considering additional tax cuts for the middle class, and White House economic adviser Larry Kudlow has said such a plan could be announced in mid-2020.Biden, a leading contender for the 2020 Democratic nomination, would roll back some of the 2017 tax cuts backed by Trump. Doing so would help pay for plans to expand health coverage by building on the 2010 Affordable Care Act, popularly known as Obamacare.
Story continuesBut Biden, the leading moderate Democrat in opinion polls, has stopped short of endorsing more aggressive economic proposals embraced by his rivals like a federal tax on wealth.Sanders, a self-described democratic socialist and also a major contender, has made lowering economic inequality a core plank of his campaign.
Many of Sanders' proposals are controversial within his own party and could face long odds of winning approval in the U.S. Congress."I have a plan for that," Warren says frequently on the campaign trail, citing her numerous progressive proposals for deep changes in the U.S. economy. A top contender in polls along with Biden and Sanders, Warren also supports hiking Social Security benefits for older Americans, canceling some student-loan debt and making tuition free at public colleges.Bloomberg is a late entry to the nomination contest and has pledged to narrow the wealth gap between black and white Americans by boosting African-American ownership of homes and businesses and by investing in poor neighborhoods.
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