Impact of a Biden Presidency on industries
Q: What are the policy differences between Democrats and Republicans?
taxes
healthcare
stimulus package
environment
China
AP Photo
(Andrew Harnik/AP Photo)
Democrats
higher taxes on the rich
expand affordable healthcare
big stimulus package ($1000 per person maybe more than once)
more environmental regulations (rejoin Paris agreement)
normalize trade with China
Republicans
cut taxes
destroy “Obamacare”
small stimulus package ($500 one time)
less environmental regulations to reduce the costs for American businesses
(only Trump?) trade war with China
Guns
Gun regulations
FBI
Pharmaceuticals
drug prices
health insurance
Democrats want to (aggressively) reduce drug prices and expand health insurance for people. Can they be successful?
Automobiles
trade war with China
CO2 emissions
Biden will probably end the trade war with China so companies will be able to import low cost materials again however he will create stricter CO2 emission laws (that Trump loosened)
Renewable Energy
subsidies
Democrats will try to increase subsidies for renewable energy
Banks
regulations
stimulus package
economy
Cruise Companies
coronavirus
Trump cancelled all travel to Cuba
New York Times
Stock Price since Trump was elected President:
Legal Marijuana
Trump hasn’t publicly criticized legal marijuana but he hasn’t passed any laws to legalize Marijuana or help the industry. He’s the only US President since 1993 who hasn’t tried it.
GAFA
monopoly
Trump hates Amazon -> Bezos -> Washington Post
Trump hates Google
“Google search results for ‘Trump News’ shows only the viewing/reporting of Fake New Media. In other words, they have it RIGGED, for me & others, so that almost all stories & news is BAD. ”
“96% of results on “Trump News” are from National Left-Wing Media, very dangerous.”
sources:
https://www.usatoday.com/story/money/markets/2020/11/09/joe-biden-stock-market-economy-stimulus/6165111002/
https://markets.businessinsider.com/news/stocks/biggest-stock-currency-market-winners-losers-election-week-biden-presidency-2020-11-1029777497
https://www.forbes.com/sites/chriscarosa/2020/10/27/industries-to-invest-in-when-vice-president-biden-is-elected/?sh=57c35aa769da