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3 Reasons Why the Biden Tax Increase Makes No Sense

3 Reasons Why the Biden Tax Increase Makes No Sense
President Joe Biden speaks to the virtual Leaders Summit on Climate, from the East Room of the White House on April 23, 2021. Evan Vucci/AP Photo
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Commentary

Anyone who believes the “rich” and large corporations will pay for $28 trillion in debt or the $2 trillion in new deficit has a real problem with math.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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