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Zenger
Zenger
Business
Piero Cingari

Bidenomics: Tax Cuts For Wealthy And Corporations Don’t Benefit Middle Class, Says US President

Joe Biden United States Tax Cuts Scott Olson America Economy
US President Joe Biden unveils his economic plan during an event in the lobby of the old post office building on June 28 in Chicago, Illinois. Biden pledged to eliminate tax loopholes for cryptocurrency and hedge funds, and said no billionaire should have a lower tax rate than a teacher, a firefighter or a cop. (Photo by Scott Olson/Getty Images)

President Joe Biden outlined his plan Wednesday for growing the economy by shifting away from the top-down approach of trickle-down economics.

He criticized the theories of economic liberalism and laissez-faire, dismissing the idea that tax cuts for the wealthy and corporations would benefit the middle class.

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