Former Vice President Joe Biden enters the next U.S. presidential race with many moderate policy proposals.

Monica McNeil

2019-05-05 10:34:00 Sun ET

Former Vice President Joe Biden enters the next U.S. presidential race with many moderate-to-progressive policy proposals. At the age of 76, Biden stands out the presidential race as the favorite among Democratic voters in the recent polls. Biden enters the fray with a half-century of government experience with senior roles as the former chairman of Senate Foreign Relations Committee and vice president under President Barack Obama. On public finance, Biden cites high health care and energy costs as the primary threats to the economic prosperity of U.S. firms. Addressing these economic issues helps U.S. firms better compete worldwide. In addition, Biden supports better balancing the fiscal budget with deficit reductions. This fiscal policy stance contrasts with big tax cuts under the Trump administration. Biden indicates the essential need for U.S. banks to operate under the 5 key pillars of financial regulation: capital rules, low-leverage limitations, liquidity requirements, macroprudential stress tests, and deposit insurance constraints.

On agriculture, Biden opposes importing non-native species, which inadvertently alter domestic vegetation, compete with native species, introduce new diseases, and interfere with maritime commerce. Biden also supports a $15 minimum wage proposal, higher taxation on capital investment income, no tuition for public college students, and broader infrastructure.

 


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James Campbell

2018-05-27 08:33:00 Sunday ET

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President Trump picks David Malpass to run the World Bank to curb international multilateralism.

Rose Prince

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2018-01-17 05:30:00 Wednesday ET

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Commerce Secretary Wilbur Ross suggests that 5G remains a U.S. top technology priority in light of the Sprint-T-Mobile telecom merger.

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Warren Buffett points out that American children will be better off than their parents in the next decades.

Dan Rochefort

2018-01-05 07:37:00 Friday ET

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