Biden will push for immediate $2 trillion stimulus package along with tax increases


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From Fox Business’ Charlie Gasparino

Now this is a bit dubious coming from Fox Business but Charlie Gasparino is a great reporter, so it’s almost certainly true.

He says that aides to Biden say if elected he will push for a $2 trillion stimulus package immediately along with tax increases and infrastructure spending. Obvious, he will need to control Congress to get that through.

I don’t think the market will care about a tax on incomes above $400K but a corporate tax hike immediately would be a different story.

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