One of the biggest disagreements in economic policy revolves around the “living wage.” Most presidential candidates in the Democratic Party want to raise the federal minimum wage to $15 per hour, as it is considered a “living wage.” On the other hand, Andrew Yang wants to allow states to determine their own minimum wage and implement a basic income on top of that. Bryan Frew, CPA explains how each policy changes business decisions for large corporations and small businesses.
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Wealth Tax vs. Value-Added Tax
The fight over taxes rages on as the presidential race continues. This election cycle has been focused on directly taxing wealth versus applying a value-added tax to purchases. Bryan Frew, CPA explains the difference and analyzes how their implementation will affect Americans.