Biden’s plan to discourage companies from offshoring production may also help him politically.
Last week, alongside its $2.3 trillion infrastructure plan, the Biden administration announced a new tax plan to fund it. This plan includes provisions that would discourage the offshoring of jobs and profits by US companies. Stephanie Rickard finds that voters are more likely to vote against governments when offshoring occurs that moves jobs out of their local area. In […]
Trump’s $12 billion farm subsidies are a solution to a political problem of his own making
Trump’s $12 billion farm subsidies are a solution to a political problem of his own making
Last week, President Trump announced a $12 billion program of farm subsidies to assist farmers hurt by his escalating trade war with China, Canada, and other countries. Stephanie Rickard, author of a new book on government subsidies, Spending to Win, argues that this kind of financial assistance is almost always introduced to help domestic producers harmed by tariff reductions, […]