As the impact of the COVID-19 crisis continues to weigh on the US economy, the need to reinvigorate growth is something both the Democrat challenger and Republican incumbent agree is critical. Their proposed approaches and specifics for doing so, however, often differ.
The following summarizes what is currently known about each of the two major-party candidates’ economic policies. As the candidates continue campaigning, and economic indicators are updated, the specifics of these policy plans could shift in coming weeks.
Overall Approach
Infrastructure
Pandemic Support
Minimum Wage
Education
Health Insurance/ Medicare/Medicaid
Trade
Regulation
Individual Income Taxes
Estate Taxes
Capital Gains & Dividends Tax
Corporate Taxes
Dive Deeper
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Election 2020
Policy & Your Wealth Plan
Understand where the candidates stand and how it may impact your wealth plan.