23 April 2021

6 min read

AM Notes: Biden Tax & PMI Friday

Positive news that Russia had announced the end of a massive troop buildup near Ukraine was overshadowed by the news of Biden's planned tax hikes hitting the wires...

Stocks sold off, but not when the original news broke...

Breaking News: President Biden is expected to propose higher taxes on the rich to fund child care, education and paid leave, people familiar with the plan said. https://t.co/pqLWOQFkSB
— The New York Times (@nytimes) April 22, 2021

*BIDEN TO PROPOSE HIGHER TAXES ON RICH TO FUND CHILD CARE: NYT
— *Walter Bloomberg (@DeItaone) April 22, 2021

Three hours later,

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