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US presidential election: two programs that will widen deficits

2020-11-04T20:05:40.179Z


ANALYSIS - The promises of the two candidates are not so far apart.Are the economic programs in balance today poles apart? Not that much. Joe Biden like Donald Trump know that the emergency is on the rise as the Covid-19 epidemic has devastated the economy of the United States. The country had 7.9% of unemployed in September, or 12.6 million workers. Read also: Will the economy weigh heavily in the American election? Faced with this disaster, the promises of th


Are the economic programs in balance today poles apart?

Not that much.

Joe Biden like Donald Trump know that the emergency is on the rise as the Covid-19 epidemic has devastated the economy of the United States.

The country had 7.9% of unemployed in September, or 12.6 million workers.

Read also:

Will the economy weigh heavily in the American election?

Faced with this disaster, the promises of the two candidates are not so far apart.

"They forecast large deficits, in a sustainable manner, leading to an increase in the federal debt of 18 points of GDP by 2030 under Joe Biden and 16 points under Donald Trump

", underlines Bruno Cavalier, chief economist of Oddo .

In detail, the Democratic candidate is the most aggressive on the increases in public spending, envisaged in infrastructure, health or the fight against climate change.

It also provides for tax hikes for businesses and wealthy Americans.

Donald Trump, who wants on the contrary to perpetuate his tax cuts and continue

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Source: lefigaro

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