As Joe Biden's supporters push for him to make changes as president, a resident scholar for a think tank founded to "research, develop, and promote innovative and non-partisan solutions to today's public policy problems" says the Democrat would do well to retain some of the Trump administration's policies.
Merrill Matthews, Ph.D. of the Texas-based Institute for Policy Innovation (IPI) says the biggest thing that should be retained is the tax reform legislation that passed in December 2017.
"That has been the big spur in the economy and why we got such good growth in the economy over the last few years," he notes.
Joe Biden wants to, among other things, change the tax system back to where the corporate tax rate would go from 21 percent under President Trump to 28 percent. It has been as high as 35 percent in recent years, but Matthews feels 28 percent is too high.
"I suspect you would find companies rethinking the notion of bringing their manufacturing back to the U.S. or opening up here in the U.S. simply because it makes us uncompetitive again," Matthews continues. "So, keeping the tax reform is key, and I think it's at least possible they do, because there would be few Democrats in the Senate who would be unwilling to change the current system."
Matthews also feels that keeping the U.S. Embassy in Israel in place is a good idea. The Trump administration moved it from Tel Aviv to Jerusalem in 2018.
"That was a major step in the right direction because it broke with the 70 years of failed efforts to try to placate the Palestinians," he tells One News Now. "The Trump administration has just been remarkably successful in trying to bring peace to the Middle East, as several countries now have signed agreements with Israel. Other countries may come along, but they'll only come along if they see that sort of support from Joe Biden."
Lastly, Matthews believes Biden should hold China in check.
"China is rattling sabers and is on expansion mode," the IPI scholar observes. "Joe Biden has never been aggressive with China, and we're not entirely sure what kind of skeletons might be in the closet because of Hunter Biden, so Joe Biden is going to need to take a strong step with China," he concludes.