The U.S. Treasury on April 7 issued a report on President Joe Biden’s tax proposals, part of his wider infrastructure and jobs plan, costed at about $2 trillion this decade with more thereafter.
Tax-related measures include increasing the U.S. federal corporate tax rate to 28% from the current 21% and setting a minimum tax rate on income U.S. corporations earn in low-tax jurisdictions.U.S. President Joe Biden speaks about jobs and the economy at the White House in Washington, U.S., April 7, 2021.
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98% Of CEOs Say Biden’s Corporate Tax Rate Hike Will Hurt Their Companies, According To Survey98% of CEOs say Biden’s corporate tax rate hike will hurt their companies, according to survey Hahaha This headline is hilarious/ridiculous Isn't that his goal?
Source: Forbes - 🏆 394. / 53 Read more »
Tech industry group funded by Amazon, Facebook and Google says it supports a corporate tax hikeThe group's support doesn't reflect each company's views on the tax plan, but it sends a signal that the tech industry is open to higher tax rates. More on my Instagram Lol. IN A BIDEN ADMIN WHERE were they during Trump's admin? Sending dick pics? Do forward not just for your country
Source: CNBC - 🏆 12. / 72 Read more »
Ignore CEO scaremongering, Biden corporate tax hike will help US businessOpinion | Biden's plan to raise corporate taxes will actually be good for American business, no matter how much CEOs whine and scaremonger about it. By Morris Pearl of PatrioticMills PatrioticMills Utter nonsense. PatrioticMills I’m sure it’ll be great, raised taxes always workout well for the economy. PatrioticMills
Source: BusinessInsider - 🏆 729. / 51 Read more »
White House says capital gains tax would hit 0.3% of taxpayersICYMI: The soon-to-be-announced tax hike proposal would only apply to people who make more than $1 million, or about 500,000 households, according to Brian Deese, who runs President Joe Biden's policy-writing National Economic Council All it will do is chase the wealthy away. And will actually raise less tax dollars - those taxpayers will just not sell & trigger the higher tax!
Source: Reuters - 🏆 2. / 97 Read more »
Biden economic adviser pushes global corporate tax minimum to counteract proposed US increaseCouncil of Economic Advisers Chair Cecilia Rouse pushed for a 'global minimum tax' on corporations. Yellen is correct They only want bad no matter which direction you take. The thought is there the process is not
Source: FoxNews - 🏆 9. / 87 Read more »