Reuters
U.S. President Joe Biden will likely put taxes and corporate stock buybacks squarely in investors' focus during Tuesday night's State of the Union address as part of his push to restructure the world's largest economy to be less favorable to the very wealthy. Biden, who earlier last year signed into law a 1% tax on corporate stock buybacks, is expected to use his speech to call for that to be quadrupled, as well as renew his calls for higher taxes on billionaires, the White House said on Monday. While investors said the chances of such a proposal passing in Congress - where Republicans control the House of Representatives - were low, it could have some bearing on investor behavior.