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  • Writer's pictureRealFacts Editorial Team

Trump and Biden Agree to Debate: What Investors Should Focus On

Updated: May 17


Donald J. Trump and Joe Biden

This past week, Trump and Biden agreed to debate each other on two occasions before the November election, the first will be June 27 and the second will be September 10. Investors should pay close attention to what each candidate says regarding economic policies. Below are a couple potential policies that each candidate may implement if they win:


Trump

  • Tariffs: 60% or more on all Chinese goods, 10% universal tariff on all U.S. trading partners, 100% tariff on Chinese cars manufactured in mexico.

  • Increase the role of the Oval office in Fed decisions

  • Reinstate large tax cuts that were a part of his first term


Biden

  • “Some tax policies under consideration by Democrats include raising the corporate tax rate to 28% from 21% presently, imposing a 15% minimum tax on corporations earning more than $1 billion over the past three years, raising the current buyback tax from 1% to 4%, raising the top marginal tax rate to 39.6%, imposing a 25% wealth tax on total income, including unrealized capital gains, of $100 million or more, and closing the carried-interest loophole by taxing capital gains as ordinary income for those earning more than $1 million.” - Joseph Adinolfi, MarketWatch

  • Raising capital gains tax from 20% to 37%

  • Increasing taxes for wealthier individuals

  • Student debt relief


These are just a few of the potential policies that each candidate will fight for in the event that they win the election this coming November. Investors should pay close attention to what each candidate says during the debates, and how their answers move markets.

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