Spotlight: Manchin-Like Tax Hikes Won’t Fight Inflation: What Investors Need To Know

Summary: Democratic Senator Joe Manchin, who played the key role in killing President Biden’s proposed spending extravaganza, is now supporting higher taxes on businesses and on capital gains. Manchin’s rationale: More taxes will help fight inflation. Steve Forbes on why Machin-like tax hikes will not flight inflation and on why this move will hurt the economy, raise prices and ultimately be bad news for investors. Steve Forbes shares his What’s Ahead Spotlights each Tuesday, Thursday and Friday.