In the other race, Democratic candidate Jon Scoff has a narrow lead over Republican incumbent David Purdue. If Democrats win both races, they will control an evenly-divided Senate through the casting vote of incoming vice-president Kamila Harris.
The FT 2020 results page displays US presidential, Senate and House races as called by the Associated Press. Party breakdown numbers for the outgoing House of Representatives do not include five vacant seats and one Libertarian.
Historical presidential results data comes from the Federal Election Commission and Daily KOS. Reporting, data analysis, design and development by David Blood, Max Harlow, Joanna S Key, Emma Lewis, Caroline Levitt, Ændrew Rhineland, Martin State, Came Milford and Christine Zhang.
Additional work by Fan FEI, Brooke Fox, Keith Fray, Sarah Paterson, Eli Mahler, Jane Pong, and Aleksandra Winiowski. This is an unbiased comparison of the policy and political positions of Joe Biden and Donald Trump, candidates for president from the Democratic and Republican parties respectively.
Now in favor of outlawing abortions, except in cases of rape, incest, or life of mother; supportive of non-abortion services provided by Planned Parenthood.“Strongly” supports Roe v. Wade, but opposes public funding for abortion. Voted against parental notification for minors who get out-of-state abortions. Position on ImmigrationBuild wall on Mexican border; triple number of ICE officers; deport all “criminal” aliens ; defund sanctuary cities; end birthright citizenship; increase prevailing wage for H1-B visas. Supports a path to legalization for undocumented immigrants that includes learning English and paying fines.
He has said he would renegotiate America’s role and obligations under the U.N. global climate accord. Wants to create a 5-year, $50 billion project for energy and climate change to finance research into discovering alternative energy sources and developing technologies. Opposes domestic drilling offshore and in the Arctic National Wildlife Refuge. Place of Birth Queens, New York City Scranton, Pennsylvania Alma MaterFordham University, University of Pennsylvania, Wharton SchoolUniversity of Delaware, Syracuse UniversityPosition on Iraq Trump claims he opposed Iraq war before the invasion.
Expressed early concerns about the cost and direction of the war a few months after it started. Voted for the 2002 resolution authorizing the Iraq war, but now says that was a mistake. Opposed 2007 troop buildup in Iraq, and proposed withdrawing most forces from Iraq by the summer of 2008, while leaving a small force behind. Position on Iran Trump rejected the Iran nuclear deal that the Obama administration had negotiated. Supported the Comprehensive Iran Sanctions, Accountability, and Divestment Act. In 2007, Biden supported direct engagement with Iran “to exploit fissures within the government and between the government and the people.” Books Authored Art of the Deal (1987), Never Give Up (2008), Think BIG and Kick Ass in Business and Life (2007); Trump 101: The Way to Success (2007); Why We Want You to Be Rich (2006); Think Like a Billionaire (2004); and overpromises to Keep: On Life and PoliticsReligion Protestant (Presbyterian)Roman CatholicChildren Donald Trump, Jr., Ivanka Trump, Eric Trump, Tiffany Trump, Barron Trump Beau Biden, Robert Hunter Biden, Naomi Christina Biden, Ashley Blazer Biden Spouse(s)Melania Trump (m. 2005), Marla Maples (m. 1993–1999), Ivana Trump (m. 1977–1992)Nadia Hunter (deceased), Jill Tracy JacobsResidenceNew York; White House, Washington D.C. Number One Observatory Circle (Official); Wilmington, Delaware (Private)Website.Donald Trump.come.Joe Biden.composition on Gun RightsSupports 2nd amendment rights; opposes new gun-control laws; “Enforce existing laws”; “fix our broken mental health system”; “defend rights of law-abiding gun owners”;”allow military personnel to carry weapons on military bases & recruitment centers”Introduced bill to renew ban on assault weapons and to close the so-called gun-show loophole by requiring gun show sales to have background checks. Position on Death PenaltySupports the death penalty; and advocates mandatory death sentences for those who kill police officers. Supports the death penalty. Other political affiliations Democratic (before 1987; 2001–09); Independent (2011–12)Overrunning mate Mike PenceKamala Harris.
Increased the phaseout of the exemption from AMT (alternative minimum tax) from $160,900 to $1 million for joint filers. Lower taxes on individuals and families helps put more money in the pocket of consumers and stimulates the economy.
The personal exemption reduces taxable income so its benefit depends upon the marginal tax rate of the filer. Instead, companies used the extra profits to buy back stock or pay dividends, benefiting shareholders who typically tend to be higher income.
Critics are concerned that this will lead to more pollution and carbon emissions, hurting the environment and causing pollution-related deaths. Supporters say relaxing the regulatory requirements will result in lower costs for new cars, which will take older clunkers off the market.
He sought closer ties with China and visited the country multiple times as Vice President. More recently, he has called China an authoritarian regime and its leader Xi Jinping a thug.
The most effective way to meet that challenge is to build a united front of U.S. allies and partners to confront China’s abusive behaviors and human rights violations, even as we seek to cooperate with Beijing on issues where our interests converge, such as climate change, nonproliferation, and global health security. Trump has praised China's leader Xi Jinping, avoided criticizing the lack of human rights and political expression, and refused to impose sanctions over the detention camps where China has forced its Uighur Muslim population.
The first debate between Joe Biden and Donald Trump was held at Case Western Reserve University in Cleveland, OH on September 29. Given that we are in the midst of the presidential election process, we believe that the American people should seize the opportunity to weigh in on whom they trust to nominate the next person for a lifetime appointment to the Supreme Court.
President Trump has nominated Amy Coney Barrett to the US Supreme Court after the death of Justice Ruth Baker Ginsberg. On the other hand, Republicans have asked both Joe Biden and VP nominee Kamala Harris about whether Democrats would, if elected, “pack the court”.
COVID-19 Biden blamed Trump for the over 200,000 deaths that have occurred in the United States due to coronavirus infections. He criticized Trump for saying he knew about the danger of the pandemic but kept the information from the American public so that they may not panic.
He cited banning travel from China as an early action he took (Jan 31, 10 days after the first case was reporting in Washington state). Trump said Biden would not have closed American borders for travelers from China, which would have resulted in more deaths.
Trump said he wanted to reopen the economy while Biden warned about opening when the number of cases are rising. The unit had been set up in 2015 by Susan Rice, who was National Security Advisor under President Obama.
Race Relations One highlight of the debate was that Trump did not categorically denounce white supremacy groups. Trump talked about his support from law enforcement organizations around the country and accused Biden of calling African Americans “super predators” when he co-wrote the 1994 crime bill.
This is a video of Biden warning of “predators” in a speech in support of his bill but there is no reference to African Americans. The rise of criminal justice reform as a major issue in politics has made the 1994 crime bill a liability for Biden, who has since apologized for his role in tough-on-crime legislation passed in the 1980s and '90s by large bipartisan margins.
In a speech last year on Martin Luther King Jr. Day, Biden said those bills “trapped an entire generation,” and that “it was a big mistake when it was made.” The second debate between Biden and Trump was held at Belmont University in Nashville, TN on October 22.
Separating undocumented immigrant children from their parents The moderator asked Trump about the government now being unable to reunite children with their parents, who were forcibly separated by the U.S. government under the Trump administration. Trump replied that they were working “very hard” to reunite, but that children sometimes are brought to the U.S. by coyotes and drug cartels, not by their parents.
Trump also blamed the Obama administration for building the cages where undocumented immigrants are held when they are intercepted at the border. Biden criticized Trump for the moral bankruptcy of separating kids from their parents, as well as for changing the rule for asylum-seekers so that they could not seek asylum if they are already in the U.S. but would have to do so in a different country.
Trump cited the legislation he passed for criminal justice reform as evidence of things the Obama administration could have done but didn't do. Trump alleged that Biden was a corrupt politician whose son Hunter has accepted bribes from the wife of the mayor of Moscow.
Biden criticized Trump and noted that protecting patients with pre-existing conditions was a key component of Obamacare, and that Trump administration's lawsuit in the Supreme Court to repeal Obamacare also implies repealing these provisions. The individual mandate and protecting people with pre-existing conditions are two provisions that went hand-in-hand when the Affordable Care Act was passed in 2009.
When Obama was campaigning against Hillary Clinton in 2008, both candidates had similar healthcare proposals with one difference: Clinton acknowledged that if the law forced insurers to cover patients with pre-existing conditions, it would create a moral hazard where people wouldn't buy insurance until they got sick. So Clinton recognized that protections for pre-existing conditions were only possible if there was also a mandate that all individuals who can afford health insurance do so.
However, the practical reality of enacting the legislation meant that the individual mandate was introduced when the law was drafted. It is unclear how long protections for pre-existing conditions will remain in place without addressing the risk of moral hazard.
Their visualization also shows Biden has a lead of roughly 8 percentage points as of October 3, 2021. The race hinged on certain swing states: Arizona, Nevada, Pennsylvania, Michigan and Wisconsin.
Compared to the 2016 presidential election results, Trump won fewer states in 2020. Cincinnati Ohio, December 31, 2020, Expire, Both Bitcoin and the U.S. Government have arrived at a junction in late 2020.
The digital asset has drastically increased in price while disputes over the presidential election emit more uncertainty than ever. The asset’s early timeline is filled with regulatory uncertainty due to drug trafficking, heists, and other malicious or illegal activity.
However, that period is long gone as investors and regulators have grown fond of cryptocurrencies, practically legalizing them. With higher prices and more interest than ever, now is finally the time to take a good look at Bitcoin and decide once and for all what position it should have in the world.
As the U.S. political landscape is about to change, many Bitcoin supporters are interested in what can happen if either administration wins. This article will showcase Trump ’s and Biden ’s views on Bitcoin and cryptocurrencies in general.
Right now, in front of our very eyes, it is significantly more critical than speculation and overt analysis of Bitcoin’s history. For most, timelines are diverging as each result of the 2020 Presidential elections may severely impact the entire cryptocurrency market.
Alongside the market volatility, the U.S. political scene is riddled with uncertainty as Donald Trump disputes the Presidential election. But new nominees can point us in the right direction regarding what Biden or Trump will prepare for Bitcoin.
Fearing that it is a corporate stable coin outside the control of formal political and financial institutions, many individuals have struck down Mark Zuckerberg and his creation. Donald Trump told the entire world on Twitter that he is ‘not a fan of bitcoin and other cryptocurrencies.’ More than that, the U.S. President stated that digital assets are not money and that they are based on thin air.
At the same time, regulatory agencies such as the SEC and CFTC decided to leave Bitcoin alone. Most within the crypto community believe that institutions have done a far better job of keeping Bitcoin alive under Trump compared to Obama’s administration.
He now has the chance to take part in a five-year term in the country’s leading federal agency and bank regulator. If his nomination is successful in 2021, he has the chance to transition to a full term and continue with his work.
Does he intend to ultimately institutionalize Bitcoin and integrate cryptocurrencies with banks in the next few years? No matter how deep the rabbit hole is, one thing is sure: Brooks has done much more for Bitcoin during his time than any other candidate.
He has also worked in other disruptive areas and launched a federal licensing regime for fintech startups. Democratic senators are increasingly displeased with Brook’s performance, citing that he is too invested in crypto compared to other issues.
As the country’s Central bank, the Fed’s Chairman has an even more significant influence on Bitcoin’s future. It is even more impressive that Powell rarely issued statements about the leading cryptocurrency and preferred to discuss Central Bank Digital Currencies.
When testifying before the Senate Banking Committee in 2019, Powell acknowledged that if widespread crypto adoption were to occur, it would fundamentally change the global financial system. However, the Chairman also noted that Bitcoin’s adoption is low in terms of payments and transactions.
Powell’s latest statement arrived during the virtual panel with the IMF on cross-border payments. Hosted in October, the seminar was attended by many important figures in the world of finance.
Instead, the nation should take a slow approach and develop the currency in such a way that it does not offer potential risks. Based on official sources, Joe Biden has won the U.S. Presidential elections in 2020 by a wide margin.
Bitcoin existed for a long time during Biden ’s career as a politician, who acted as both the Vice President under Obama and as a U.S. senator. According to a Wall Street Journal report, President-elect Joe Biden intends to nominate Former Fed Chairman Janet Ellen as the next Treasury Secretary.
As the Treasury Secretary, Ellen would influence and manage the Financial Crimes Enforcement Network (Fin CEN), the Office of Foreign Asset Control (OFAC), the Internal Revenue Services (IRS), and the Office of the Comptroller of the Currency. At the present moment, it is unknown what Ellen thinks of Bitcoin and how she might design her crypto-focused policies.
Speculations can only imply that Ellen would be forthcoming of blockchain technology but would outright deny Bitcoin. In November, Joe Biden nominated Gary Gentler as part of the financial policy transition team.
Gentler is a former chairman of the Commodity Futures Trading Commission (CFTC) who has closely worked on the crypto market. In his next position, Gentler will carefully review the Federal Reserve and banking and securities regulators.
On numerous occasions, Gentler supported the industry even when the U.S. Congress began to attack cryptocurrencies. The individual has urged politicians to not be hasty with regulating the market and to stop comparing cryptocurrencies with Ponzi schemes.
For CNBC, Circle’s CEO stated that America will be even more competitive with Biden and that blockchain technology and cryptocurrencies will play a vital role. We note that Fried has also financially supported the Biden team, donating $5 million.
After being denied for an ETF for so long by the SEC, financial asset management firm Bitwise has finally decided to withdraw its application in January 2020. After consulting with the Financial Industry Regulatory Authority (FINRA), the firm finally launched the Bitwise 10 Crypto Index Fund in December.
According to the chief investment officer at Bitwise, Bit is created for financial advisors. By launching a crypto index instead of a Bitcoin ETF, the company managed to escape the SEC’s regulatory clutches.
Nevertheless, the founder still aims to launch an official ETF after reaching common grounds with the regulatory agency. If the Bit crypto index behaves well and the market participants share no complaints, the SEC will likely change its mind.
If the institution were to accept a BTC ETF, the U.S.’s entire regulatory environment would forever change. Following the U.S. elections, multiple senators have revealed their past Bitcoin investments to the public, including Cynthia Summit.
In November, Lu miss openly stated that she is a proud Bitcoin owner who first invested in cryptocurrencies in 2013. She believes that digital assets hold great economic power and that they have the potential to fix financial scarcity and solve problems such as currency manipulation.
On several occasions, the Senator revealed that Bitcoin is an excellent store of value and can help tackle the U.S. national debt. With a Bitcoin supporter in the Senate, we can expect drastic changes to occur in the future.
The Treasury Secretary nominee Janet Ellen supports blockchain technology. Whatever the future may hold for Bitcoin, users will also rely on one thing that will forever be certain: mining.
Mining is an integral part of blockchain technology as it enables users to earn Bitcoin just by verifying transactions. The company’s professional team of engineers will manage the miners inside a Siberian facility, enabling lower power costs.