SINGAPORE (July 21): Despite investors fearing tax hikes from a Biden presidency, OCBC economist Wellian Wiranto does not foresee any drastic market correction should the Democrats retake the White House in November. Higher taxes would help balance the US budget deficit at a time of greater fiscal need and stabilise US foreign policy behaviour. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $4.99/month*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

SUBSCRIBE NOW