Economists F.A. Hayek, Thomas Sowell, and many others could teach Biden a thing or two about that.
Landmark Biden policies such as student loan forgiveness and electric vehicle subsidies principally benefit the well-off and well-connected.
Biden has spent a significant amount of time - and now legal resources - promoting and defending student loan forgiveness.
What are we to make of the claim that Biden's policies "Promote competition to lower costs and help small businesses"? The facts do not support it.
According to the House Ways and Means Committee, Biden's 2024 budget requests a $4.7 trillion tax hike over ten years, including $650 billion that particularly target small businesses through expanding the Small Business Surtax.
The Tax Foundation also acknowledges that the tax increases primarily focus on businesses, both large and small.
President Biden supports a $15 minimum wage, which would add costs for small businesses while leaving them largely unchanged for their larger counterparts such as Amazon or Walmart.
https://www.msn.com/en-us/money/markets/bidenomics-debunked/ar-AA1dbjzO
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