October 8, 2020
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5:09Now PlayingVice President Mike Pence downplayed the ongoing economic recession and touted the administration’s efforts to cut taxes and roll back regulations since he and President Donald Trump took office in 2017. He said these efforts had boosted the average American household income and promoted wage growth among blue collar workers in particular. While nominal hourly earnings were rising steadily before the pandemic, these numbers paint a different picture when adjusted for cost of living -- since late 2017 inflation-adjusted wages for manufacturing workers have declined sharply.
Pence warned that former Vice President Joe Biden would raise peoples' taxes on day one of his presidency if elected in November. Biden has indeed proposed rolling back Trump’s corporate tax cuts on “day one” -- if elected he’s said he would increase the corporate tax rate from its current rate of 21 percent to 28 percent. While Pence claimed Biden would raise taxes for all Americans, Sen. Kamala Harris said no Americans making less than $400,000 a year would see their taxes increase. Various think tanks that have analyzed Biden’s tax proposals found that his tax plan said increases would fall heavily on very wealthy Americans.
Harris added that Biden’s work to pass the Affordable Care Act while serving as vice president had helped Americans save money by avoiding costly hospital bills.
“If you have a pre-existing condition....they’re coming for you,” she warned Americans of the Trump administration’s efforts to dismantle the health care system. Trump signed an executive order on Sept. 24 expressing his administration’s intent to ensure health care coverage for those with pre-existing conditions, but new legislation would need to be enacted to do this if the ACA were overturned, and he so far has not proposed a comprehensive health plan to replace the ACA.
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