The Boston Herald has endorsed President Trump’s reelection in 2020.
The paper posted an editorial on Tuesday where it says that the Biden platform is a love letter to those who despise capitalism and love social justice.
The Herald continues:
For starters, Biden wants to increase the corporate tax rate. The Hill cited an economic study by Kevin Hassett and Aparna Mathur which concluded that corporate tax hikes lead to a substantial decrease in wages and spending, and spurred businesses to move out of the country.
That’s not what we need, especially as a report by Yelp found that 60% of businesses around the U.S. that shut down due to the coronavirus will remain closed forever.
But a look at data released by the Congressional Budget Office analyzing 2017 household income shows that the top 20% of households already pay 87.1% of federal income taxes and 69.2 % of all federal taxes; and the top 1% of households pay an average income tax rate of 24.4% while the middle 20% of households pays an average income tax rate of 3.3%.
All this, of course, ignores the fact that pre-COVID-19, Donald Trump’s economy was going gangbusters. Last year, the jobless rate dropped to 3.5%, its lowest reading in 50 years. The jobless rate for Hispanics hit a record low of 3.9% in September 2019, while African Americans maintained their lowest rate ever, 5.5%, according to CNBC.
The Herald ends by pointing out that President Trump is for holding China accountable, putting Americans first on trade, against defunding the police, and most importantly putting Americans first with the courts, the economy, and defense.