Opportunity and crisis: The case for a second Biden term ...Middle East

“Our intention is to run again.” With these words, President Biden signaled his aim to seek a second term, and during the next 24 months he will make his case. Over the course of history, two reasons have compelled sitting presidents to run again: opportunity and crisis. Ronald Reagan and Franklin D. Roosevelt provide good examples of each. In 1984, Reagan knew that additional opportunities awaited in a second term, especially in realizing his long-sought goal of reforming the tax code. And he got it done. The Tax Reform Act of 1986 lowered the top tax rate from 50 percent to 28 percent, and reduced corporate taxes from 50 percent to 35 percent. Another opportunity presented itself wit

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Opportunity and crisis: The case for a second Biden term ...Middle East

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