Of course, JP Morgan disagrees!
trump is so ridiculous.
My 401k already crashed. Many times. It crashed under the bush boy after 9-11 and then again when he collapsed the economy.
It was Obama's economy that I regained the losses and actually made money on my 401k.
Then again, my 401k crashed last spring. Again, under another republican. This time, trump.
I will point out that tax increases don't crash the economy or do any harm to the economy. In fact, tax increases help the economy.
Clinton increased taxes on the rich when he became president. The republicans spewed their usual lies about the increase further destroying our economy. The tax increases did the opposite. We started paying down the deficit until we had a surplus. We paid back all the millions that Reagan/bush the first stole from social security. Good paying jobs were available for those who wanted one.
Obama raised taxes on the rich when he became president. With the republicans again lying about how it was going to further collapse the economy.
The opposite happened. In fact Obama started the longest period of job growth in a generation. He took the 10% unemployment rate down to 4.7%. He took the bush boy's historic 1.4 trillion in deficit down to 400 and something billion.
Biden will raise taxes on those who make 400 thousand dollars and above. So no middle class or those in poverty will see an increase in their federal income taxes.
If the republicans couldn't lie, they would never have anything to say.