225
President Biden announces a sting on capital gains and corporate taxes, but the stock market does not break down. Indeed, it flies. The reason? It should be looked for in a fable of Aesop
di Morya Longo
The relationship between Biden and Wall Street on fiscal issues is somewhat reminiscent of Aesop’s fable “Wolf, wolf”. Because every time the White House announces heavy tax reforms for the stock market (from the increase in corporate taxes to that of capital gains), Wall Street seems to be scared a little. Or not at all. Since Biden announced on March 31st to raise the corporate tax from 21% to 28%, the S&P 500 index has gained 5.6% and the Nasdaq 7.5%, beating + 4.2%. of the global stock exchanges (MSCI World) and …
Copyright ©