Biden Would Pursue Economic Overhaul in Potential Second Term
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Biden's first term involved massive government spending on infrastructure, semiconductors, green tech, and more to reshape the economy. He would defend these programs in a second term.
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With full Democratic control of Congress, Biden would push ambitious social spending on childcare, elder care, unions, education to boost productivity.
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The administration would continue scrutinizing corporate mergers and targeting big business with anti-trust lawsuits in a second term.
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More manufacturing subsidies and incentives are likely to continue, focusing on domestic production of semiconductors and critical minerals.
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Tax hikes on wealthy households and businesses would be pursued to pay for the spending plans, though fiscal restraint is unlikely.