Posted on 07/10/2020 10:27:26 AM PDT by simpson96
Presumptive Democratic nominee Joe Biden, laying out his plans for an economic recovery Thursday, said President Donald Trump is too focused on the stock market during the coronavirus pandemic.
The former vice president, speaking at an event in Pennsylvania, said he wanted to end the "era of shareholder capitalism."
"Throughout this crisis, Donald Trump has been almost singularly focused on the stock market, the Dow and Nasdaq. Not you. Not your families," Biden said. "If I am fortunate enough to be elected president, I'll be laser-focused on working families, the middle-class families I came from here in Scranton. Not the wealthy investor class. They don't need me."
Among the policies Biden described Thursday is a tax hike for corporations. His plans call for a 28% corporate tax rate, well above the 21% set by Trump's 2017 tax cuts but still below where the top rate was previously.
Jack Lew, who served as Treasury secretary when Biden was vice president, said Thursday on "Closing Bell" that when the Obama administration discussed tax reform, a 21% rate was lower than even what business leaders were asking for and that the economy could withstand higher taxes.
(Excerpt) Read more at cnbc.com ...
So, lets review... this asshole is almost 80 years old, hes been in government for over 40 years, and NOW hes laser focused.
This jerk doesnt even know what a laser is.
More like, his brain has turned to mush.
He wont debate Trump. He will have Covid and be sheltered
Fortunately, Biden has never done anything but talk for 50 years.
Where’s the list of legislation he’s written and passed?
On the other hand, we thought Obama would kill the stock market. Instead, it doubled. He tried to kill the energy industry, instead it skyrocketed and set records. He decried expensive housing, it boomed. He said the oceans would flood us but now lives in a beachfront mansion.
Obama was the biggest gun salesman, until now when he got outdone by TDS.
Beyond socialist, this is just stupid.
You know who else doesn't need you, Joe? Non-investors.
The world has gone crazy. Biden is an empty shell controlled by the radical, socialist left. And many of the wall street types support Biden?
Likely there will be no debates with this life-long government “worker” who also is the criminal leader of his extended family of criminals. The whole corrupt family should be RICO’d.
It is more insidious than you think FRiend. The big boys of Wall Street support the democrats because the more regulation, taxes, and other forms of government interference the harder it is for the little guys to make it. The big corporations like having a monopoly and they know how to play the game with the government. The little guys cannot afford to participate in the game because it requires a lot of lawyers and compliance folks. The big boys know who to grease and how to get around it all.
Government health care is just another small business killer - the big corporations will survive.
PDJT should debate an empty chair if Biden bails out.
Show us in the constitution where it says you can do that ‘Slow joe’?
There will be no debates until COVID is cured, it is too dangerous to poor old Joe! (Note: the danger resides not in COVID but in 'debate'!)
You are exactly right, and that is coming from a 28 yr Financial Advisor.
There goes our retirement accounts.
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