Photo :webshot.

November 09,2021

Anna Murray 

US president Biden recently launched a tax increase proposal mainly focused on rich people, in order to improve social welfare policies. However this threat is weakening the economic revival.

After the pandemic slows down and keeps calm, the economy may recover well. But the rumor of tax increases and the possible negative impact keeps bothering companies and workers. There is no public discussion from the authorities and similar proposals seem to appear without notice beforehand.

Not only companies but also investors and consumers are involved in this chaos. A NBC News’ poll shows that 57% disagree with Biden's economic policies, and around two third think things will worsen in 2022. Also, according to a Gallup poll, 50% prefer less tax, and 29% hope tax keeps the same.