Efforts to implement “Bidenomics” have persisted for months in the Biden administration. The president’s campaign, however, is launching a somewhat new strategy as the general election approaches. This strategy centres on an economic argument that attempts to cast Biden as an enemy of the ultra-wealthy and former president Trump as an advocate of tax cuts for corporations.
By shifting the focus from Biden to the two major parties, this populist shift aims to assuage voters’ concerns about the economy and win them over.
A source involved with the internal messaging talks stated, “What we want the fight to be about is their record, and who you’re for and what you care about.”. The public views Biden as someone who genuinely cares about them, unlike Trump, according to the polls. And that’s where this economic assault will centre.
Biden has attempted to sell his economic platform, but this argument shows that he has to provide a more compelling contrast. But staff members also think they have the material to pull off this message change.
One major point of attack, according to Biden’s staff, is that the GOP frontrunner enacted enormous corporate tax cuts while in office. They think they can undermine Trump’s appeal to middle-class and working-class voters by pointing out that he would continue to favour the rich if reelected.
According to six anonymous sources with knowledge of the White House and campaign conversations, the details of the message change are still up for grabs and have not been decided upon as yet.
However, Biden’s staff see the State of the Union speech in March as a prominent opportunity to underline the point that the campaign is about choosing between the rich and the working class.
Those in the know have told us that the White House is planning to make a series of tax increases on corporations and individuals with incomes over $400,000 a primary theme of the speech. Biden has pledged to defend Social Security, and one of the topics up for debate is how to pay for benefits through the proposed higher taxes.
Similarly, Trump has spent the Republican primary campaigning as someone who will protect Social Security. When it comes to taxes, Biden’s aides may find it easier to draw a line. Particular focus will be given to Trump’s most notable legislative achievement, the 2017 package that aimed at reducing corporate tax rates. A low point in Trump’s approval rating occurred around the time of these tax cuts, which were unpopular at the time. Moreover, Biden administration insiders feel that the law has grown even more poisonous for the country’s most populist-minded voters in the six years following.
“A populism façade with business as usual tax cuts for the rich underneath,” Kimberly Clausing, a tax policy expert and former senior official in Biden’s Treasury Department, said of Trump’s first-term legislative resume, calling it “the only thing he’s ever succeeded in doing is cutting taxes for rich people.”
Steven Cheung, a spokesman for Trump’s campaign, said that the idea that Biden might undermine Trump on economic matters is baseless.
He claimed, “Joe Biden has taken to resorting to nonsensical attacks in order to gaslight the American people” since he cannot run on his dismal record. The fact that Biden will be remembered by voters as the worst president in American history will not be forgotten.
The former vice president has started to criticise Trump more directly in his economic talks. He told a Wisconsin audience earlier this week that the middle class was eroded because Trump sought corporate tax reductions.
Earlier this month, in Raleigh, North Carolina, Biden made fun of Trump, calling him “the only president to be president for four years and lose jobs.”
According to recent remarks, Biden has described corporations as “price gouging,” and he is likely to further up his rhetoric against these organisations, positioning himself as a protector of Americans from greedy corporations.
Two sources familiar with the matter said that in the weeks leading up to the State of the Union, the White House had urged federal agencies to look into potential new regulations or enforcement actions that could increase competition or reduce the prevalence of so-called junk fees.
Michael Kikukawa, a spokeswoman for the White House, stated that the objectives of President Biden and Vice President Harris are the middle class and Main Street, not special interests and Wall Street.
Biden is dealing with deeply sceptical voters over his economic policies, which has led to a frenzy of action behind the scenes. This is happening despite clear evidence showing the US economy is on the increase.
For the past six months, Biden has been attempting to promote his economic programme using the slogan “Bidenomics,” in an attempt to increase people’s familiarity with his work and their optimism about the future of the country.
However, concerns about the ever-increasing cost of living largely overcame those efforts. Despite an uptick in optimism about the economy among Americans in the past two months, Joe Biden’s popularity rating is still close to its lowest point throughout his presidency.
Everyone in Biden’s group is aware that making the economy a campaign topic would be difficult. With few tangible policy proposals to compare himself to, Biden faces the unique difficulty of running against an opponent who, unlike almost every sitting president, seeks to frame the election as a choice rather than a referendum.
The head of the progressive think tank Data for Progress, Danielle Deiseroth, has spent the better part of a year surveying people on messaging that could weaken Trump’s economic edge. “Trump is sort of a policy chameleon,” she said. “He can be slightly more deft.”
Three people familiar with the discussions said that many Biden advisers privately believe that the president needs to battle Trump to a draw on the economy. This would mean that swing voters’ concerns about abortion and dangers to democracy would have a much larger impact on the election.
By framing the economic discussion in broad class warfare terms, Biden is able to portray many of his policies—such as limiting bank overdraft fees, backing labour unions, and controlling medicine prices—as examples of standing with the working class.
According to Democrats, Biden has a chance to allay voters’ fears about the present economy if he can persuade them that he can lead them to a more equitable economy in the future.
“It’s exactly what Biden’s economic policy is driven by, which is, help people and don’t let corporations and the ultra-wealthy cheat,” said Alex Lawson, executive director of the advocacy group Social Security Works. “It is adored by all. “Except for the very wealthy.”