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  • Tamir Cohen

The Economy and Healthcare- Team Trump

On Economy: The American people CANNOT trust VP Biden to follow through on his promises, especially when it comes to businesses. All it takes to know this is a quick look at recent history. Over the course of the presidential race, Joe has stated on SEVERAL occasions that he plans to repeal the Tax Cuts and Jobs Act (TCJA), which would effectively raise taxes on

small businesses immensely by raising marginal tax rates as well as eliminating the current 20 percent small business deduction. Furthermore, his proposed corporate tax increase from 21 to 28 percent would also hit many businesses hard (both small and big), and it will also directly cause utility bills to rise in ALL 50 states. And yet, let's not forget that back in February of this year, this gentleman, when asked about his policies for small business taxes, had the audacity tostate "No. Taxes on small businesses won't go up." While that’s dubious in and of itself, one can look back even farther for proof of VP Biden’s flip-flops on business policy. When he ran for Vice President in 2008 he repeatedly said he would not support any form of any tax that imposes even “one single penny” of tax increase on any American making less than $250,000. But as we all know, Biden shattered that promise upon taking office. Even the NY Times, an overwhelmingly left-leaning newspaper has recently admitted that small businesses will “pay more” under a Biden administration (10/18/20). Furthermore, contrary to what Gilad may say,the fact is the US economy has seen unprecedented growth under the Trump administration viatax cuts and additional spending, both of which significantly increased federal budget deficits.He’s also brought unemployment to all-time lows, and even with the virus still affecting jobs, the President is working to ensure a smooth economic recovery. Biden may try to take credit and argue that Trump is just riding on the coattails of the Obama administration’s economic success, but Americans clearly aren’t buying that, and it shows. After all, it’s no surprise that the President’s approval ratings among small business owners have hit highs of over 60%, as opposed to the 40-50% approval ratings during the Obama administration. Put simply, If you’re a small business owner, then make no mistake, VP Biden is coming for you, Hard.

On Healthcare: Rather repeating the fact that Obamacare was an all-around terrible program passed by the Obama-Biden administration in 2010, and the American people know it. As a result of the act, health insurance costs have been rising steadily in the past few years, entitlement spending has exploded,

Medicaid enrollment is exploding, and Americans are paying more money for less health coverage. Luckily, President Trump had the sensibility to cancel what was arguably the worst part of Obamacare, the individual mandate, and to expand more affordable options outside of the individual market. But the fight is far from over. The Trump administration hopes to succeed in overturning the Act completely, and we understand the concerns of the American people. The President has already issued an executive order saying it is the “policy of the United States” to “ensure that Americans with pre-existing conditions can obtain the insurance of their choice at affordable rates.” And while this may not hold any legal force, the President plans to propose a more specific plan that WILL do so. On the subject of drug prices- it’s simple- the President will remove barriers to entry into free markets for drug providers that offer safe, reliable, and cheaper products. Joe Biden, on the other hand, is winning the race for donations from Big Pharma but experts and industry stakeholders doubt his plans will successfully lower drug prices or address underlying issues in the industry.

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