What Is in Joe Biden's Tax Plan?

The video discusses Joe Biden's campaign, highlighting the support from private equity donors and the selection of Kamala Harris as his running mate. It outlines Biden's $3.2 trillion policy proposals, which include $3.4 trillion in tax increases. These proposals aim to roll back parts of the 2017 GOP tax reform, raising corporate tax rates and individual tax rates for the wealthy. The plan also targets large companies like Amazon with a minimum book tax. Investors express concerns over these policies, despite the potential revenue for healthcare, climate, infrastructure, and education.

What effect did Kamala Harris's selection as Biden's running mate have on the stock market?

• It caused stocks to fall.

• It had no effect on stocks.

• It lifted stocks.

• It caused stocks to remain stable.

How much have private equity donors contributed to Biden's campaign compared to Trump's?

• $10 million to each

• $15 million to Biden and $5 million to Trump

• $21 million to Biden and $3.6 million to Trump

• $3.6 million to Biden and $21 million to Trump

What is the proposed corporate tax rate under Biden's plan?

• 21%

• 25%

• 30%

• 28%

What is the new top individual tax rate proposed by Biden?

• 35.5%

• 40%

• 39.6%

• 37%

Which companies are targeted by Biden's minimum book tax?

• All multinational companies

• Companies with over $50 million in net income

• Companies with over $100 million in net income

• Only tech companies