Biden's Tax Plan Could Slow Recovery

Joe Biden is running for President.

Currently, he is leading Donald Trump in the polls.

The Washington Post believes that Joe Biden's economic plan would slow down growth.

Biden has threatened to take a very progressive tax code and make it even more progressive.

Nearly all of the increased tax burden falling on the top 2% of taxpayers.

Financial analysts believe that’s a problem for a couple of big reasons.

It would discourage savings, investment, and business formation, potentially causing lasting economic damage.

Plus, it wouldn’t do much to reduce income and wealth inequality.