Wow, I guess I struck a nerve. I'm sorry if you lost money in the stock market. I actually did not mention the current or former president.
As for your challenge. It is very easy. Joe Biden is a decent human being.
And unfortunately, some people want us to not believe what we are seeing with our own eyes. Some people want us to no longer believe that 2+2 still equals 4. It is unfortunate that you believe everything is up for debate.
The S&P 500 hit an all time high in 2022 and it hit an all time high in 2024. And on planet earth Biden was the president in 2022 and 2024. How is that debatable? I mentioned the S&P 500 index funds because the largest Exchange Traded Funds (ETF) track the S&P 500. SPY is the largest ETF. IVV is the second largest ETF and VOO is the third largest ETF. They all track the S&P 500 index. They became the largest because those are the funds that most people invested in. The 2nd and 3rd largest mutual funds track also the S&P 500 index. So to say that 401ks were larger under the former president is simply not true. And most, if not all, 401ks don't allow employees to invest in individual stocks.
And the pandemic did not destroy the former president. He was the president of the United States of America and he failed to rise to the challenge of the pandemic. There were leaders of other countries who rose to the challenge and they are still leading their countries today.
In 2017 he cut corporate tax to a flat rate of 21%. Individuals depending on income can pay as high as 37%. So just in case you didn't know, the stock market is made up of publicly traded corporations. So did stocks go up under the former president of course they did. He gave the corporations a huge tax break.
Regular Americans not so much. Not only did he not give us a tax break, but he limited our State and Local Tax deductions to $10,000. It was unlimited prior to 2017. If we paid $10,000 in state tax and $15,000 in property tax, we could deduct $25,000 from our gross income. In other words lowering our taxable income by $25,000 in my example. But not anymore thanks to the former president. And if my example is not clear, chances if you're a homeowner in the northeast then you are probably paying more in taxes because of the former president. We now have to still pay federal tax on money that we already paid in State and local tax. What a great guy. You definitely should vote for him.