Biden says investors 'don't need me,' calls for end of 'era of shareholder capitalism'

[Yo_Mama_Been_Loggin]

Presumptive Democratic nominee Joe Biden, laying out his plans for an economic recovery Thursday, said President Donald Trump is too focused on the stock market during the coronavirus pandemic.

The former vice president, speaking at an event in Pennsylvania, said he wanted to end the "era of shareholder capitalism."

"Throughout this crisis, Donald Trump has been almost singularly focused on the stock market, the Dow and Nasdaq. Not you. Not your families," Biden said. "If I am fortunate enough to be elected president, I'll be laser-focused on working families, the middle-class families I came from here in Scranton. Not the wealthy investor class. They don't need me."

Among the policies Biden described Thursday is a tax hike for corporations. His plans call for a 28% corporate tax rate, well above the 21% set by Trump's 2017 tax cuts but still below where the top rate was previously.

Jack Lew, who served as Treasury secretary when Biden was vice president, said Thursday on "Closing Bell" that when the Obama administration discussed tax reform, a 21% rate was lower than even what business leaders were asking for and that the economy could withstand higher taxes.

https://www.msn.com/en-us/money/markets/biden-says-investors-don-t-need-me-calls-for-end-of-era-of-shareholder-capitalism/ar-BB16ydPf?li=BBnbfcN&ocid=DELLDHP

[safeinOhio]

1. Starting to sound like

Elizabeth Warren.

[BeyondGeography]

2. Lol

No kidding.

They’ve been talking a lot and getting along very well by all accounts. He’ll go elsewhere for veep IMO but she is having a big impact on him and that will continue.

[safeinOhio]

4. There will be a spot for her

if she wants it.

[RicROC]

3. Corporations are people, my friends

said Mitt Romney.

Ok then, corporations get taxed at the same rates as people OR people have the same tax rates as corporations . In that case, the highest corporate tax rate would be 37%, assuming their income exceeds $518,400.