Alex Brill joined CNBC’s Squawk Box to discuss Biden’s billionaire tax policy proposal and why it is not desirable for the U.S. economy.
Four years ago, many commentators lamented that Hillary Clinton fell short of winning the Electoral College by less than 80,000 votes. “You Could Fit All the Voters Who Cost Clinton the Election in a Mid-Sized Football Stadium,” read a headline in Vanity Fair. Now, it is not just Hillary Clinton that lost by a hair.
From both a public health and economic perspective, the coronavirus pandemic has wreaked havoc on our country. More than 210,000 people have died, more than 435,000 individuals have been hospitalized, and more than 10 million jobs have been lost nationally. The US economy was 10 percent smaller in June than it was last December and is not projected to fully recover until some point in 2021 at the earliest.