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Wall Street isn’t investing in Trump

This article is news with liberal commentary.

Wall Street isn’t particularly fond of Biden, even less so his policy proposals, which include higher corporate taxes, “Yet professionals on Wall Street are shunning Trump and funneling staggering amounts of money to his opponent,” CNN reported on Friday, September 25, 2020 (read story here).

     A Democratic government could cost America’s 10 largest banks $7 billion a year in higher taxes. An investment bank told clients “the best-case scenario for big bank stocks is a Trump win with continued GOP control of the US Senate,” and the worst case is a Democratic sweep.
     But despite that bankers are donating more to Biden and Trump — at some banks, vastly more. “The fundraising totals suggest many in finance have decided they can live with a Biden presidency,” CNN says. But isn’t that the same as saying they can’t live with a vampire running the country?

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