Election Day: BIDEN vs TRUMP | Where They Stand on Major Issues

The long awaited US Election Day is today, Tuesday November 3rd, 2020.

Without further ado, in today’s article we will outline how both Presidential candidates line up on the following 5 key issues.

1. Immigration
2. Investment / Taxes
3. COVID-19
4. Environment
5. Education

Knowing how and where they stand can only help you make better decisions in regards to your US investments and immigration goals.

Immigration

Immigration policy is especially relevant for many of our international investors and clients. With the last 4 years seeing a rise of anti-immigrant sentiment in the USA, will this continue if Biden is elected?
What are their stances on immigration?

TRUMP

1. Supports building additional wall on the US- Mexico border.
2. Supports “zero tolerance” family separation border policy.
3. Does not support a moratorium on deportations.
4. Does not support building sanctuary cities.
5. Supports increasing the number of high skilled immigrants, AFTER the pandemic.

BIDEN

1. Does not support building additional wall on the US- Mexico border.
2. Does not support “zero tolerance” family separation border policy.
3. Supports a moratorium on deportations.
4. Support building sanctuary cities.
5. Supports increasing the number of high skilled immigrants, AFTER reform.

TAKEAWAY
The takeaway here is that the current administration appears to be much tougher on immigration and immigrants than the Democrat candidate.

Investment / Taxes

Some international investors feel that should Biden win, America will not be as favorable for investing. But what are the facts? Let’s take a look.

TRUMP

1. Unclear on supporting a $15/ hr minimum wage.
2. Supports Made in America policies.
3. Supports tariffs on China products.
4. Trump lowered the corporate tax rate from 35% to 21%.
5. Trump lowered federal tax rates until 2025.

BIDEN

1. Supports a $15/ hr minimum wage.
2. Supports Made in America policies.
3. Does not support tariffs on China products.
4. Supports increasing corporate tax rate from 21 to 28%.
5. Supports tax increases for individuals with income more than $400,000 from 37 to 39.6%.

TAKEAWAY
The Democrat policies aim to raise government revenue by increasing taxes of the most wealthy, as well as corporations, whereas the Republican policies are in general protectionist.

COVID-19

The Coronavirus has ravaged lives and economies worldwide since late last winter. With second and third waves seeing some of the worst infection rates yet, we need to know how these 2 leaders stand on this critical issue. What are their plans for moving forward?

TRUMP

1. Does not support nationwide mask policies.
2. Supports federal action to expand testing.
3. Supports withdrawing from the World Health Organization.
4. Supports an eviction moratorium during the COVID-19 pandemic.
5. Supports the reopening of the economy despite the rise in coronavirus infections in the country.

BIDEN

1. Supports nationwide mask policies.
2. Supports federal action to expand testing.
3. Does not support withdrawing from the World Health Organization.
4. Supports an eviction moratorium during the COVID-19 pandemic.
5. Does not support the full reopening of the economy without proper measures to combat the virus completely.

TAKEAWAY
The takeaway is the priority the economy holds in regard to health. The Republican stance favours a full immediate re-opening.

Environment

The environment is not a forefront concern for many; however, long term investment strategies depend on stability. Without a healthy environment, the infrastructures that holds together our economies may collapse. So having said that, where do the candidates stand on this issue?

TRUMP

1. Doesn’t believe climate change is real and getting worse.
2. Does not support an active role for the federal government to reduce greenhouse gas emissions.
3. Does not support rejoining the Paris agreement.
4. Does not support banning fracking.
5. Supports fossil fuel extraction in public water and on public land.

BIDEN

1. Believes climate change is real and is getting worse.
2. Supports an active role for the federal government to reduce greenhouse gas emissions.
3. Supports rejoining the Paris agreement.
4. Supports banning fracking.
5. Does not support fossil fuel extraction in public water and on public land.

TAKEAWAY
Of the two candidates, the Democrat choice seems to be much more supportive of the environment.

Education

Education is a major reason many foreigners look to America. Secondary education options are plentiful and offer international students a pathway to a better life.
Let’s take a look at the respective Republican and Democrat policies.

TRUMP

1. Does not support tuition-free public colleges.
2. Supports federal funding for private schools.
3. Does not support universal kindergarten.
4. Supports implementing “Patriotic Education” curriculum.
5. Supports reducing student loans.

BIDEN

1. Supports tuition-free public colleges for families making less than $125,000.
2. Does not support federal funding for private schools.
3. Supports universal kindergarten.
4. Supports making two years of community college and training programs tuition-free.
5. Supports canceling $10,000 of student debt and revising the current loan repayment system.

TAKEAWAY
The takeaway here is towards universal access to education: the democrats favor more access.

So there you have a breakdown of where the candidates stand on 5 major issues.

For a full list A-Z policy comparison, please visit this, this and this link.

We hope our unbiased appraisal of the Republican and Democrat platforms will help assist you in making your best choice, with confidence in the years ahead.

To discuss your investment, immigration and property ownership goals moving forward into 2021, click the button below to book a meeting with one of our experts.