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Big Tech and corporate tax cuts: the targets of Joe Biden’s urgent economic plans

Biden plans to push through aid stimulus amid the pandemic, undo Trump’s corporate tax cuts, and crack down on big tech

If current trends continue and Joe Biden enters the White House on 20 January, he will face arguably the biggest set of challenges a president has had to tackle since the end of the second world war. The coronavirus is raging through the US, millions of Americans are still losing their jobs each month, and the climate crisis – ignored by the Trump administration – is deepening.

Biden has set out his economic and policy plans but without control of the Senate he may struggle to realise them. Official GDP figures for the third quarter showed the size of the economy was still almost 4% below its previous peak despite a 7.4% recovery from the spring lockdown.

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