Billionaire hedge fund manager Marc Lasry says Biden should raise taxes to pay down the deficit 'a little bit'
- Billionaire hedge fund manager Marc Lasry told CNBC on Monday that Joe Biden should raise taxes to pay down the budget deficit 'a little bit.'
- "I think you have to raise taxes because at the end of the day, there's this huge deficit, and I think we have to pay that down a little bit," the Avenue Capital CEO said.
- The Democratic donor told Reuters earlier this month that he may advise the Biden administration on economic policy.
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Marc Lasry told CNBC on Monday that President-elect Joe Biden should raise taxes to pay down the deficit when he takes office.
"I think you have to raise taxes because at the end of the day, there's this huge deficit, and I think we have to pay that down a little bit," the Avenue Capital CEO said. "I think we can all do a little bit more, but I would say you've got to end up getting into the system a little bit more capital, so that's what I would try to do."
Lasry did not detail which taxes Biden should raise or by how much. The President-elect has plans to raise the corporate tax, capital gains tax, and taxes on individuals.
Lasry, who was considered for the position of US ambassador to France in 2013, said in December that he could see himself serving as an economic advisor to the incoming administration.
"I am happy to get involved more on the economic side, and I think that's what I'll end up doing," he said during a panel discussion for the Reuters Global Investment Outlook Summit 2021.
The long-time Democratic donor also told CNBC he would personally like to see both Democrats win their respective US Senate runoff races in Georgia, but it's likely Republicans will win one seat and Democrats will win the other. This would allow Republicans to retain their majority in the US Senate.