Washington Post: What Trump’s and Biden’s competing economic agendas reveal about the economy

Inequality also interacts with money and politics to block the very types of productive, equalizing spending that Biden proposes, while insisting on the nonproductive tax cuts that partially drive the Moody’s results. Consider, for example, that one of Trump’s few campaign proposals is to cut the tax on capital gains. According to the Institute on Taxation and Economic Policy, 99 percent of the benefits of that change would go to the richest 1 percent of taxpayers. Read more