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Welcome to another edition of FT Now! As Americans and our elected leaders remain focused on addressing coronavirus, we’re here to make sure you stay up-to-date on important political developments. New analysis of Joe Biden’s $4 trillion tax plan shows that all Americans will be hit with the high-taxes plague if he becomes president. Bernie Sanders can’t contain his praise for Fidel Castro, and Congressional Republicans not only survived impeachment - they got a bump from it. Surprised? Don’t be. Read below for more
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| Biden Tax Plan Would Raise $4 Trillion, More Than Twice The Hike Proposed by Clinton in 2016 |
| What Happened: |
| New, nonpartisan analysis shows that when it comes to tax hikes, no one would be spared under a President Joe Biden. |
| Why You Should Care: |
| The report, published by the Tax Policy Center, says Biden’s tax plan is well to the left of past Democratic presidential campaigns. Not only that, but "taxpayers of all income levels would see tax hikes…" Not exactly what we want to hear. |
| What Happens Next: |
| While Biden doesn’t officially have the nomination sewn up just yet, it’s time to get serious about examining what his policies would mean for the American people. |
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| Bernie Sanders Doesn’t Regret Praising Castro |
| What Happened: |
| Speaking of Democratic presidential candidates, Bernie Sanders was asked point-blank if he regretted praising Castro’s literacy program in Cuba. Shocker: Sanders said no. |
| Why You Should Care: |
| Though Sanders may not be his party’s nominee for president, it’s worth remembering that a Socialist - and Fidel Castro admirer - came pretty close in the last two election cycles. What does that say about the Democratic Party? |
| What Happens Next: |
| In all likelihood, Sanders will continue to defend socialist regimes like Castro’s one minute, and insist he condemns them the next. Voters won’t buy it. |
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| Congressional Republicans Earn Higher Approval Ratings Than Democrats After Impeachment: Poll |
| What Happened: |
| A new Gallup poll shows that impeachment didn’t provide Congressional Democrats with the approval bump they were probably expecting. |
| Why You Should Care: |
| Impeachment may seem like a lifetime ago, but it’s worth remembering how drastically Democrats overplayed their hand. After everything was said and done, the president was acquitted and Republicans gained 6 percentage points in their approval ratings. |
| What Happens Next: |
| Americans will continue to reject the Democrats’ polarizing agenda. |
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Thank you for reading this week’s edition of FT Now.
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