Time to look at Biden and what are his financial policies and will they do any good for the American people…..
While Democratic presidential nominee Joe Biden is unlikely to prioritize a financial industry crackdown if he wins on Nov. 3, he is expected to take a much tougher line than Trump and his former boss President Barack Obama.
Banks and investors were preparing for a Biden victory over the weekend after Trump tested positive for COVID-19 on Friday, in a blow for his campaign.
Here are some of the key areas his administration and agency picks would likely focus on.
THE COMMUNITY REINVESTMENT ACTHOUSING FINANCECONSUMER PROTECTIONS, CREDIT REPORTINGCLIMATE CHANGE RISKSBANKRUPTCY REFORMPOSTAL BANKING
Joe Biden and Kamala Harris have an opportunity to cut poverty in America in half. A new study finds that the Democratic ticket has put forward or endorsed a set of proposals that, taken together, could add up to the biggest anti-poverty plan in decades.
Three specific measures — Biden’s plan to make Section 8 housing vouchers universal; congressional Democrats’ plan for a $3,000-a-year child allowance ($3,600 for kids under 6), and Harris’s LIFT Act proposing new tax credits for low-income households — would have lowered the poverty rate from 12.7 percent to 6.5 percent if they had been adopted in 2018, according to researchers at the Center on Poverty and Social Policy at Columbia. That’s 20.2 million fewer people living in poverty.
The reduction in child poverty would be larger still, from 13.7 percent to 3.6 percent. Only about a quarter as many children would remain in poverty after the policy package’s adoption.
Once again good plan…but it will probably not hold up to the brutal American political process….more promises that will go unfulfilled thanx to lobbyists and cash spread around.
I Read, I Write, You Know
“lego ergo scribo”