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Originally Posted by pornguy
I dont think the markets will tank with Biden.
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So you think the largest tax hike in history for income, corporate and capital gains taxes will be good for the market?
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According to the Tax Foundation’s General Equilibrium Model, Biden’s collective policies would reduce GDP by 1.5 percent over the long-run, reduce wages by 0.98 percent and eliminate about 585,000 jobs. But they would increase federal tax revenue by $3.8 trillion between 2021 and 2030 relative to current law.
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Did you honestly even read his plan for taxes?
I've been following the market for over 20 years...I just don't see how you could think this anything but a bad thing? Raising taxes in a pandemic? Yikes.