He didn't identify which of the numerous countries known to have business-friendly tax policies would be targeted by such a plan.And Biden would double a global minimum tax on offshore corporate income from the GOP tax law enacted in 2017,, known as the levy on Global Intangible Low-Taxed Income, or GILTI, from 10.5 percent to 21 percent.
Both Warren and Sanders have proposed wealth taxes that would by themselves raise in the neighborhood or even more than Biden’s entire tax platform, in addition to a range of other tax increases on the wealthy and business community. “He believes that being forthright with voters about how plans would be financed is critical to building the public support necessary to beat Donald Trump, help more Democrats win up and down the ballot, and then pass legislation through Congress,” said Stef Feldman, Biden’s policy director.
Any change in tax policy needs to include staffing up the IRS after decades of neglect.
DEMOCRATS RAISE AND STEALS FROM THE AMERICAN TAXPAYER.
What happens when they leave to other countries ?
😅😅😅 Everybody wants more taxes
3.2 Trillion, Wow! Low Ballin' Biden. Taxing the wealthy too, way to go, Joe. Mike Doomberg gotta be scared. Mike's taxing the poor so we don't all kill ourselves with sugery drinks and plastic straws.
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