Joe Biden has made three promises which will dismantle the US economy. First, taxes will be raised exponentially. Second, America’s energy sector will be overhauled. And thirdly, we will have new immigration policies we cannot afford.
The “first thing” Joe Biden will do as President is eliminate Trump’s tax cuts for Americans. Biden hopes to accumulate 3 trillion tax dollars for the government to spend in his presidency. By raising taxes on Americans, Biden believes class divisions will become more equitable. Joe Biden claims that these tax increases will only affect top tier earners. However, this is not true. When looking at increased tax revenue top earners will pay- it still is not nearly enough to match Biden’s 3 trillion dollar goal.
Our economy may hurt the most from Biden’s environmental plans. In his vision for the green new deal, hundreds of thousands of jobs will be eliminated. In just a few years, Biden plans on eliminating all carbon emissions from the atmosphere. This goal is not nearly possible for the US to attain. In an attempt to overhaul the energy sector, regulation and injudicious policy will crush our economy. Moreover, the US will no longer be energy independent. Under President Trump, the United States became a net exporter of energy for the first time in 67 years. Our success producing energy will be lost.
Thirdly, the US economy will be pressed under Biden’s immigration policies. Biden has promised that no illegal immigrant will be deported during his first 100 days in office. While illegal immigrants are living inside the United States, they will also receive government provided healthcare. He states, “I think that anyone who is in a situation where they are in need of health care regardless of whether they are documented or undocumented, we have an obligation to see to that they’re cared for”.
With a Biden presidency, Americans can prepare for changes they cannot afford. The allocation of money for green energy and immigration policies will still outweigh Biden’s hefty tax increases. Thankfully, there is still time to stop Biden’s radical plans before they ever start.
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