Posted on 11/08/2020 2:25:45 PM PST by karpov
In an effort to advance equality, environmental protection and other social goals, President-elect Joe Biden has proposed an ambitious and historic agenda, particularly in four areas: taxation, health insurance, regulation and energy policy. His full agenda would significantly reduce productivity, discourage work and discourage investment. Coauthors Hassett, Fitzgerald, Kallen and I estimate that following this path would reduce median (“middle class”) annual family income about $6,500 by the year 2030. Employment would drop by about five million jobs.
Most of Biden’s agenda requires congressional action, but the Senate will have more than 50 members (Republicans plus moderate Democrats) who do not favor such radical changes. That will make it difficult to raise taxes, fund a health insurance public option and other expansions of ObamaCare, resurrect the costly and politically unpopular individual mandate or get Congress to appropriate enough subsidy dollars to allow renewable energy to overtake fossil fuels.
That leaves federal agency regulation as the primary tool Biden would have left. As President Trump is apt to explain, regulations are “stealth taxation, especially on the poor.”
The key regulatory agencies will be the Federal Communications Commission, the Department of Labor, the Department of Transportation, the Department of Health and Human Services, the Environmental Protection Agency and the Consumer Financial Protection Bureau. If a Biden presidency is anything like Barack Obama’s, these are the agencies that will be taking the biggest steps to hinder competition and reduce productivity. Offering the flimsiest claims of “net social benefits,” the agencies will write regulations as requested by large banks, trial lawyers, major health insurance companies, Big Tech companies, labor unions, drug manufacturers and environmental lobbies.
Consumers will likely be squeezed the hardest as a Biden administration regulates the business of health. President Trump removed Obama’s prohibitions against the most affordable health insurance plans
(Excerpt) Read more at thehill.com ...
Everything will turn into a San Francisco sh::those.
The Gimmees dream come true.
He is NOT President Elect yet, he is merely the projected winner based upon the unofficial vote tally, geez!
Giving millions of American jobs to H1B trash as he promised will decimate the American middle class
This is from The Hill??? Where are were they before Nov 3rd???!!!
Well the GOP is useless...they will want to get along...there welcome to the parties if they get along.. free food and drink on the lobbyist
So many hate the working class, all ethnicities. It’s crazy.
The good news is since every third world shithead can now just simply violate our borders, we will have neat things like twice as many cars in the big cities causing even more global warming. Class rooms packed full of special needs kids. Medical clinics shut down country wide. I could go on. It will be super fun if we can’t fix this
Casey is smokin' something.
After all their cheating during election week, what makes any clear minded person think that they’re going to stop at the 5 yard line and not cheat their way to twin victories in the runoffs?
It’s comically absurd.
In the senate don’t count on so-called moderate democrats. They will cave under the threats by Schumer and Pelosi, the squad and their big money masters.
A Dark Winter is Ciming.
If the commies only cost me $6500 a year that would be a miracle
The increase in fossil fuel costs for my trucking business will raise the costs of everything too.
These guys are going to print money like a drunken sailor spend Nichols. They are going to bail out California, New York state, New York City, Illinois, Chicago, etc.
Gold, silver, and bitcoin will become reserve currency‘s – not the US dollar.
...my trucking business ...
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Are you able to discuss what truckers are saying among themselves? Obviously, many will be forced to quit. There have been rumors of strikes and no-go delivery areas. Any scuttlebutt?
Hell, the GOP traitors has been pushing the Indian jobs program for decades. They were bitterly upset when Trump banned the H1B scum from the US. Took out full-page ads in multiple newspapers denouncing Trump. Remember the only anti-immigration Senator (Sessions) was trashed here because y’all loved Tuberville, a candidate bought and paid for by the Indian tech lobby.
Remember Mumbai Mike was the Senate co-sponsor (along with Kummala Herass) to give 10 million Indian H1Bs and their dependents green cards. Now Hiden says he will do it through executive order.
The increase in fossil fuel costs for my trucking business will raise the costs of everything too.
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Good luck competing with the thousands of Mexicans and Indians who will be truck drivers. They are like locusts. Spreading into every industry and taking it over.
And your drivers WILL REALLY LOVE Hiden’s mask wearing order on all federal highways.
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