Joe Biden Proposes $1 Trillion in New Corporate Taxes

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Joe Biden is fleshing out more details of his planned tax increases

Democratic presidential candidate Joe Biden proposed nearly $1 trillion in new corporate taxes on Wednesday as he sought to generate more revenue to pay for his policy plans on health care, climate, infrastructure and education.

One of his new taxes would go after companies such as Amazon.com Inc. that have years when they report profits to investors but show little or no U.S. tax costs. A second would double the minimum tax rate on overseas income of U.S.-based multinationals.

 

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Joe “likes kids on his lap” Biden

Hairy Legs Joe?

Corporations don't pay taxes, consumers do.

Joe who ?

About time .. so what did the corporations do with their tax cuts? More spending in R&D -no .. More spending on Capex - no ... more spending on training folks - no.. a one time bonus here and there a meager 3% increases in wages. They did spend a lot of money on stock buybacks...

The solution is to tax all income as income. No breaks for dividends, interest or capital gains. Then there is no incentive to sit on money instead of investing it in new projects and the top tax rate could actually be lower.

You mean no more details about his hairy legs? Or corn pop?

Odd that we are educated that Trumps' tariffs are actually paid by customers of the businesses, but Democrat corporate tax hikes do not cause customers to pay more even though they are both a government imposed expense on the business.

No mo Joe !!!

We all heard about his “fleshing out” 🙄🤣

this is different from warren?

See the left doesn’t want low unemployment and rising wages. When people do better they don’t want socialism. So now he wants to tax American companies so they go back overseas taking jobs away. Biden 2020 Make Americans Dependent on Government Handouts Again.

Pledging to stop the economy in its tracks will not be enough for the progressives. The want to see Bezos in chains.

Is that desperation I see?

Biden 'fleshing out more details' as he looks for more young flesh to kiss and fondle.

OMG you mean he’s proposing we actually try to narrow the budget deficit! How irresponsible!!

You can't be serious - he's no more lucid than Grandpa Simpson. Have you been following the Malarkey Tour or what?

How can I do even more to not get elected! - Joe Biden

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