Oddo BHF - What do we really know about Bidens tax plan?

Report

Oddo BHF

Bruno Cavalier

What do we really know about Biden's tax plan?

The presidential elections of 3 November have multiple dimensions, but as far as the economy is concerned, the fiscal issue dominates. The promises of the two candidates are not worlds apart. They provide for large budget deficits, durably, leading to an increase in the federal debt of 18 points of GDP by 2030 under Biden and 16 points under Trump. The Democratic candidate, widely tipped to win, is the more aggressive on government spending increases but also plans to raise taxes...

30/10/2020 6 EN

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Bruno Cavalier

Other Reports from Oddo BHF

Bruno Cavalier

Bruno Cavalier

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The US president sets deadlines. Then he postpones them when he realises the objective is out of reach or personally damaging. The tariff question was initially supposed to be clarified on 2 April, but we now have to wait until 9 July. A further delay is possible. The same applies to the vote on the tax cut plan in the US and the resolution of wars (Ukraine, Middle East). The good news is that these postponements and U-turns aim to avoid the worst, namely a recession, but all this zig-zagging could end up derailing the economy. So far, there is no sign of this. In Q1, the world economy was not...

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Martijn Den Drijver

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Vulcan Energy : Vulcan: Europe’s 1st carbon-neutral integrated lithium play – high risk, high return

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What do we really know about Biden's tax plan?

Macro hot spots: a mid-year review

Points chauds macro : une revue de mi-année

Vulcan Energy : Vulcan: Europe’s 1st carbon-neutral integrated lithium play – high risk, high return

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