Is Donald Trump and the Republican’s seeing the money people beginning to jump ship?
Wall Street advisors are turning to Joe Biden….
Donald Trump’s strength has been the economy…
Has he lost THAT also?…
President Donald Trump is once again warning voters that Democrats would “shut our economy and jobs down” if they win in November.
Every four years a Democrat runs for president on a platform that includes higher taxes for the wealthy. And every four years a group of people predicts that the sky will fall if those plans are implemented. Yet every time their plans have been implemented, the sky hasn’t fallen—if anything, economic growth and business investment have been stronger under Democratic than Republican presidents.
Joe Biden’s proposals to raise taxes on households making more than $400,000 annually, and on corporations, are broadly consistent with the tax systems under the successful economies of Presidents Clinton and Obama. The Biden plan also includes a few innovations that would improve on its predecessors. It would devote revenue to an ambitious set of proposals to expand economic growth and ensure it is shared more broadly….
More from Jason Furman….