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Washington
PRESIDENT
Economy
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President of the United States
Joseph Biden
Donald J. Trump
Howie Hawkins
Jo Jorgensen

Economy

Provide Capital for Small-Medium Manufacturers to Invest and Compete: Biden will establish a credit facility to supply capital, especially to smaller manufacturers, so that our aging factories can modernize, compete, and reduce carbon. Low-cost financing for manufacturing investment — including for those struggling with the harms of the COVID-19 crisis – will ensure American manufacturers can invest in the new equipment they need to compete today while supporting a sustainable future.

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Economy

Quadruple the Manufacturing Extension Partnership to help America’s small and medium-sized manufacturers compete for Buy American contracts and modernize: When large contractors claim they need “Buy American” waivers because they can’t find a U.S. manufacturer, these MEPs help small and medium-sized manufacturers compete for those contracts. Trump tried to eliminate this program; Biden will quadruple it.

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Economy

Double down on the State Small Business Credit Initiative. In 2010, the Obama-Biden Administration created the State Small Business Credit Initiative (SSBCI) to support small businesses. The program transfers funds to state small business lending initiatives, driving $10 billion in new lending for each $1 billion in SSBCI funds. Biden will extend the program through 2025 and double its federal funding to $3 billion, driving close to $30 billion of private sector investments to small businesses all told, especially those owned by women and people of color.

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Economy

Establish a competitive grant program for new business startups outside of our biggest cities. To help redirect investments to more communities across the country – not just our biggest cities – Biden will enact legislation to provide $5 billion in funding to states with policies to encourage small business startups, for example by supporting the transfer of technology from public universities to the private sector, or by implementing training programs for new entrepreneurs.

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Economy

Guarantee that funding is equitably allocated so that women and communities of color receive their fair share of investment dollars. Biden will ensure that federal research and procurement dollars are awarded fairly and will apply the principles of Congressman Jim Clyburn’s 10-20-30 plan to ensure that help goes to high-poverty areas that have long suffered disinvestment. And, he’ll invest in the diverse talent at Historically Black College and Universities, Tribal Colleges and Universities, and Minority Serving Institutions to solve the country’s most pressing problems, including by (a) creating at least 200 new centers of excellence that serve as research incubators and connect students underrepresented in fields critical to our nation’s future, (b) dedicating additional and increased priority funding streams at federal agencies for grants and contracts for HBCUs and MSIs, and c) requiring any federal research grants to universities with an endowment of over $1 billion to form a meaningful partnership and enter into a 10% minimum subcontract with an HBCU, TCU, or MSI. Biden will also require that competitive grant programs give similar universities the opportunity to compete against each other, for example, ensuring that HBCUs only compete against HBCUs.

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Economy

Supporting beginning farmers. America tries to make it easy to start a business, but unless you inherit the land, it’s much more difficult to start a farm. The Biden Administration will expand the Obama-Biden Administration’s microloan program for new and beginning farmers, doubling the maximum loan amount to $100,000. And, it will increase funding for the U.S. Department of Agriculture’s farm ownership and operating loans that typically serve beginning farmers who grew up on a family farm but need low-cost capital to add to their family’s operation to support another household.

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Economy

Fostering the development of regional food systems. The Biden Administration will partner with small and mid-sized farmers to help them collectively create supply chains to deliver fresh produce and other products to schools, hospitals, and other major state and federal institutions, including the Defense Department. This will allow these farmers to negotiate their own prices. And, it will help farmers identify markets for specialty crops and secondary products, like ice cream produced by dairy farmers to bring in additional revenue.

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Economy

Re-investing in land grant universities’ agricultural research so the public, not private companies, owns patents to agricultural advances. The Biden Administration will reinvest in agricultural research by bolstering funding for the Sustainable Agriculture Research and Education Program and the National Institute of Food and Agriculture. Our farmers need new technologies to compete in world markets while protecting our soil and water. These new technologies – and the next new seeds – should be developed and owned by the American people, not private companies who can use patents to expand profits.

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Economy

Take aggressive trade enforcement actions against China or any other country seeking to undercut American manufacturing through unfair practices, including currency manipulation, anti-competitive dumping, state-owned company abuses, or unfair subsidies. Rally our allies in a coordinated effort to pressure the Chinese government and other trade abusers to follow the rules and hold them to account when they do not. Rather than picking fights with our allies and undermining respect for America, Biden will work with our closest allies, mobilizing more than half the world’s economy to better deliver for our workers. Biden will focus our allies on addressing overcapacity in industries, ranging from steel and aluminum to fiber optics to shipbuilding and other sectors, and focus on the key contributor to the problem – China’s government.

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Economy

Confront foreign efforts to steal American intellectual property. China’s government and other state-led actors have engaged in an assault on American creativity. From cyberattacks to forced technology transfer to talent acquisition, American ingenuity and taxpayer investments are too often fueling the advances in other nations. And when it comes to China, under Trump’s “phase one” deal all those practices continue. The piecemeal and ineffective approach of the Trump Administration will be replaced with a coordinated and effective strategy.

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Economy

Extend Unemployment Insurance benefits for the duration of training, up-skilling, and reskilling programs while unemployment rates are elevated, so that millions of people can get skills for new technology, innovation, trades, and other jobs, in all parts of America.

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Economy

In this time of crisis, Biden will invest $400 billion in his first term in additional federal purchases of products made by American workers, with transparent, targeted investments that unleash new demand for domestic goods and services and create American jobs. This will be the largest mobilization of public investments in procurement, infrastructure and R&D since WWII.

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Economy

The $300 billion in innovation funding will power home-grown industries that can lead the world and create jobs in advanced materials, health and medicine, biotechnology, clean energy, autos, aerospace, artificial intelligence, telecommunications, and more. [Biden will] invest in our national laboratories, high-performance computing capabilities, and the design and construction of other critical infrastructure at and around those national laboratories and the regional innovation ecosystems and economies that they support.

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Economy

Biden will make sure we close critical U.S. supply chain gaps by immediately directing a comprehensive and ongoing process to evaluate and protect key U.S. supply chains, starting with a 100-day supply chain review at the beginning of a Biden Administration to determine vulnerabilities and needs in vital sectors. In addition, he will: Leverage federal buying power and the full range of government authorities, including the Defense Production Act, BARDA, and federal procurement, to make sure that we make critical products in America. Change the tax code to eliminate the incentives for pharmaceutical and other companies to move production overseas and establish new incentives for companies to make critical products in the U.S. Rebuild critical stockpiles, ensure adequate surge manufacturing capacity in times of crisis, and regularly review supply chain vulnerabilities. Work with allies to reduce their dependence on competitors like China while modernizing international trade rules to secure U.S. and allied supply chains.

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Economy

President Trump signed an Executive Order, mandating that two regulations must be eliminated for every regulation created in order to reduce compliance costs. The Administration actually eliminated 22 regulations for every new regulatory action. The Administration issued 67 deregulatory actions while only imposing three new regulatory actions. In FY 2017, the Administration saved $8.1 billion in lifetime net regulatory cost savings, equivalent to $570 million per year. Throughout 2017, President Trump has made good on his promise to cut red tape, and in doing so has reenergized the United States’ agricultural, energy, and infrastructure sectors by freeing them from oppressive and stifling regulations.

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Economy

President Trump signed an executive order to prevent Americans from being displaced by foreign workers and offshore labor by using federal action to put American workers first.

promiseskept.com

Economy

Spurred new investments into the American economy, after it was passed businesses invested $482 billion into new American projects.

promiseskept.com

Economy

The Trump Administration launched the Women’s Global Development and Prosperity (W-GDP) Initiative, the first-ever whole-of-government approach focused on advancing women’s full and free participation in the global economy and allocated $50 million for the fund.

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Economy

With the completion of the United States-Mexico-Canada trade agreement, the Trump Administration successfully fulfilled President Trump’s promise to renegotiate the North American Free Trade Agreement. ... The USMCA is a modern trade agreement that opens new markets for U.S. farmers and manufacturers, will encourage increased manufacturing in the U.S., and allow workers and small businesses to flourish.

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Economy

One of President Trump’s first actions was to withdraw the United States from the Trans-Pacific Partnership, advancing his agenda to protect American workers.

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Economy

The President exercised his authority to impose a 25 percent global tariff on steel imports and a 10 percent global tariff on aluminum imports in order to protect our national security.

promiseskept.com

Economy

President Trump signed the 2018 Farm Bill which legalized the production of industrial Hemp.

promiseskept.com

Economy

Hispanic, Asian and African American unemployment rates have all reached record lows under President Trump.

promiseskept.com

Economy

The Small Business Administration launched the Paycheck Protection Program, a $349 billion emergency loan program, created after President Trump’s signature on the CARES Act.

promiseskept.com

Economy

The manufacturing industry created nearly half a million new jobs. 625,000 new construction jobs have been created since President Trump took office.

promiseskept.com

Economy

We must enact an Economic Bill of Rights to provide universal programs for economic security in a race-conscious way. Government would guarantee all people the rights of a living-wage job, an income above poverty, decent housing, comprehensive health care, a good education, and freedom from discrimination.

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Economy

Agriculture needs government help to move from dependence on pesticides, artificial fertilizers and other fossil fuel inputs to organic farming located close to towns and cities.

howiehawkins.org

Economy

Local governments will plan public works and public service projects that create reservoir of jobs on the shelf ready to go when unemployed people need work. Larger-scale infrastructure projects at the state and national level will also be part of the program.

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Economy

Online platforms like Amazon, Facebook, Google, and Uber tend toward monopoly because people gravitate to the platforms that have the most users and information. These monopolies are abusing data collection and privacy, censoring content, and eliminating competitors through predatory pricing and buyouts. The remedy is a combination of antitrust action to divest tech conglomerates of multiple platforms and the conversion of some platforms to public utilities that serve the public interest.

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Economy

We must nationalize the Federal Reserve System as a Monetary Authority in the Treasury Department. The Monetary Authority will create all national currency (cash and electronic) free of any associated debt. New money will be credited to the account of the federal government as additional revenue to be spent into circulation in the economy in accordance with the federal budget. Banks will be prohibited from creating new money as loans. Banks will borrow or raise money for lending from savers and investors, including the Monetary Authority. People and businesses will borrow from funds in the banks’ accounts.

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Economy

As President, I will dismantle all tariffs and any other trade barriers which prevent the flow of goods and services into our country. Americans deserve the best, and it does not matter from where the best may come. It’s about making sure that the American economy is working smarter rather than harder. Rather than wasting valuable resources and trying to match countries who are better able to perform in certain industries, our economy should be geared toward what we do best.

jo20.com

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Economy

As President, I will work to eliminate policies that cripple economic growth. I will give special attention to regulations driving up the cost of housing and health care, as well as those creating barriers to creating new businesses or entering professions.

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Economy

[Jorgensen] will first audit and then end the Federal Reserve. Ending the Fed’s manipulation of interest rates would mean more market stability. Investors could get accurate signals on market conditions instead of being misled by Fed manipulation. We should reduce regulations to allow cryptocurrency and any other form of currency, to enter the market.

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