An American Welfare State
About the author:
- Author name:
- By Michael Knox
- Job title:
- Chief Economist and Director of Strategy
- Date posted:
- 16 March 2021, 1:50 PM
The Covid-19 rescue bill contains sweeping reforms to the US social safety net. The problem is how they pay for it – intending to increase taxes on investment.
"The major danger to the stockmarket boom is increasing taxes on corporate income which kills after-tax corporate earnings. Janet Yellen wants to put that off until at least next year. We'll see what happens when they attempt to make this bill permanent."
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