MIDDAY POSTER: Biden Tax Plan Is Bad News For Gordon Gekko

Private equity giants benefited from Trump’s corporate tax cuts — now they could lose big under Biden’s new plan.
MIDDAY POSTER: Biden Tax Plan Is Bad News For Gordon Gekko

By Walker Bragman

President Biden’s proposal today to raise the corporate tax rate to 28 percent is a moderate plan to keep the rate below what it has been for most of the last 70 years, but it may have profound consequences for one particularly predatory sector of Wall Street that has been pillaging the economy and bankrolling the Republican Party.

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