‘There are more efficient ways’ to make the rich pay more, economist says

Liquidity issues would make President Joe Biden’s proposed “billionaire tax” difficult to execute, Tyler Goodspeed, former acting chairman and vice chairman of the Council of Economic Advisers, told Yahoo Finance Live in a recent interview.

“I think my main reaction is, it strikes me as a little bit gimmicky in an election year,” he said. “Look, if you think that billionaires should be paying more in taxes, then I think you should be seriously considering an elimination of the step up…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *