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Biden's Tax Plan Could Slow Recovery

2020-07-13 26 Dailymotion

Joe Biden is running for President.<br />Currently, he is leading Donald Trump in the polls.<br />The Washington Post believes that Joe Biden's economic plan would slow down growth.<br />Biden has threatened to take a very progressive tax code and make it even more progressive.<br />Nearly all of the increased tax burden falling on the top 2% of taxpayers.<br />Financial analysts believe that’s a problem for a couple of big reasons.<br />It would discourage savings, investment, and business formation, potentially causing lasting economic damage.<br />Plus, it wouldn’t do much to reduce income and wealth inequality.

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