Biden tax increase might not be so bad for big banks | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Biden tax increase might not be so bad for big banks | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Reuters 

The Daily Tribune - www.newsofbahrain.com

Democratic presidential candidate Joe Biden's plan to raise corporate taxes would have a modest impact on profits of big U.S. banks and probably not before 2022, analysts said.

Other aspects of Biden's plan, including tax credits for low and moderate-income households and government spending on infrastructure, could lead to fewer loan losses and more lending revenue, they said.

Banks were big beneficiaries of tax