Biden Tax Plans Could Slow Stocks, But History Shows Long-Term Gains Still Possible
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Biden's proposals to raise taxes on stock buybacks and corporate profits could negatively impact companies and the stock market.
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Indicators like declining money supply and recession predictors suggest potential economic weakness ahead.
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However, historically the stock market has performed well under Democrat presidents, averaging 11.2% returns vs 6.9% under Republicans since 1945.
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Over long periods of 20+ years, the stock market has always produced positive returns, regardless of which party controls the White House.
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If Biden wins again, history suggests long-term investors will still have opportunities to grow their wealth in the stock market.