Michigan Ross business economics and public policy assistant professor Nirupama Rao discusses what she hopes to see from the incoming Biden administration, focusing on taxes and spending. Rao highlights both short-term and long-term goals that the Biden administration should attempt to achieve, offering three forms of economic support for effective relief, such as unemployment insurance benefits and nutritional support for families. The faculty expert further explores the increase of the federal income tax for those earning more than $400,000 as well as other aspects she believes the administration should focus on, noting the budget deficit and the corporate tax front.
