Wall Street has wrestled with the potential results of President Joe Biden’s $1.9 trillion fiscal stimulus. Soon will probably be sizing up his tax plan, with possible proposals for larger company taxes in addition to elevated earnings and capital-gains taxes on excessive earners.
Investors don’t appear fazed. Both the S&P 500 index and the Dow Jones Industrial Average have been up about 1.5% this previous week and hit new highs on Friday after a late-day surge.
Many…
