It is interesting that Trump lowered corporate taxes and this reduced price inflation, encouraged companies to keep or return production to the US, reduced unemployment and lowered income taxes. This gave us more money to spend on products.
Now Biden wants to give recurring COVID recovery checks to everyone, increase unemployment benefits and raise corporate taxes. This will encourage people not to go back to work and raise product costs. Corporations will again move production to cheaper foreign labor markets. This will lead to higher income taxes down the road. It is a very poorly thought out, redistribution of wealth scheme. Otherwise known as Socialism..
