The Economic Policies of the 2020 Election - Trump v. Biden: Within The United States

The video discusses the contrasting tax policies of Trump and Biden, highlighting Trump's tax reform through the Tax Cuts and JOBS Act of 2017. It explores the economic and financial market impacts of these tax cuts, noting both positive and negative outcomes. The video also examines the effects on foreign investment and currency value, critiquing the timing and beneficiaries of the tax bill. It concludes by emphasizing that policymakers aim to help, despite differing opinions on their methods.

What was a key feature of President Trump's tax policy as discussed in the video?

• Reduction in social welfare spending

• Increased taxes on corporations

• Tax cuts for higher income earners and corporations

• Introduction of new tariffs

How did the 2017 tax cuts impact financial markets according to the video?

• They caused a market crash

• They had no significant impact

• They led to a boom in financial markets

• They resulted in increased government debt

What percentage of US equities is owned by foreign individuals and corporations as mentioned in the video?

• 15%

• 25%

• 35%

• 50%

What was one of the unintended consequences of the tax cuts on the American dollar?

• It had no effect on the dollar

• It increased the value of the dollar

• It stabilized the dollar's value

• It decreased the value of the dollar

What was the political context during the passing of the tax bill?

• Democrats controlled the executive branch

• The bill was passed during a recession

• There was a bipartisan agreement

• Republicans controlled both the executive branch and Congress