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Jorge Castro Comments on President-elect Biden's Economic Team Appointees in Forbes

Subtitle
"What Biden's Appointments to Economic Team Mean for Business Leaders"

Forbes

According to Jorge Castro, business leaders can expect experience and stability from President-elect Joe Biden's recently announced economic team. Castro, who was a member of the 2008 Obama-Biden Transition team, said the "Biden-Harris economic team is comprised of seasoned veterans well-known in Washington policy circles, as well as Wall Street and the business community," and that would bring "a certain amount of stability." The team is also expected to assist with implementing President-elect Biden's economic policies, which could mean higher taxes for companies. Castro, a former Counselor to the IRS Commissioner and tax counsel in Congress, noted the Biden-Harris campaign was clear in its support of "a more progressive tax code[,] including raising the corporate tax rate, which would impact the business community significantly."