Joe Biden’s plans to hike taxes for rich Americans will be key for markets if he wins the election, a strategist says

Business Insider Australia | Sep 30, 2020 at 1:14 PM
  • Joe Biden’s plan to raise taxes for rich Americans and corporates will be a key focus for markets if he wins the US elections, Eric Robertson, head of global macro strategy at Standard Chartered Bank told CNBC on Wednesday.
  • Although many Americans can expect to see no major differences to their tax bill under his plan, hikes in corporate taxes could slightly decrease their take-home pay and investment returns.
  • During the campaign trail, Trump has promised to once again cut taxes for all Americans but has yet to release a detailed plan on how that would work.