Former President Donald Trump's legal woes, President Biden's age and their colorful campaign rhetoric can easily distract voters from the nation's tough challenges.
Trump and Biden should debate taxes, new Cold War and immigrationFILE - In this combination of photos, President Joe Biden speaks on Aug. 10, 2023, in Salt Lake City, from left, former President Donald Trump speaks on July 8, 2023, in Las Vegas. Former President Donald Trump’s legal woes, President Biden’s age and their colorful campaign rhetoric can easily distract voters from the nation’s tough challenges.
Fiscal 2025 will likely begin under a continuing resolution. That will likely limit nondefense discretionary spending to virtually no increase over 2024 and defense spending to a 3% boost. Taxing billionaires more heavily is the stuff of demagoguery. Like big corporations, they can take their incomes offshore.
It’s questionable whether taxing imports from our allies would help sustain the vital latticework of alliances Mr. Biden is building in the Pacific, Middle East and Europe. We must ask why, after bailing out General Motors and Ford during the global financial crisis of 2007-2009 and lavishing subsidies through the Inflation Reduction Act, Hyundai and Kia can profitably build and sell EVs, but Detroit can’t.
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