President Biden's Economic Legacy
Washington Post columnist Catherine Rampell argues that President Biden's economic legacy is unlikely to have a lasting impact as many of his programs are set to expire or have already disappeared.
Key Points
- Biden's 2021 expanded child tax credit sunset after just one year.
- Biden's health tax credits, which brought the uninsured rate to all-time lows, are set to expire soon.
- Biden's food-stamp benefits expansion looks likely to be rolled back soon.
- Biden's regulatory changes have been muted, with zero new major worker health or safety standards issued.
Pros
- Biden significantly expanded the social safety net to help vulnerable Americans early in his term.
Cons
- Many of Biden's economic programs are set to expire or have already disappeared.
- Some of Biden's key ideas like eldercare and national paid leave never materialized.