corporate-tax

Treasury Report on Biden’s ‘Made in America’ Tax Plan Shows Corporations on the Hook for Trillions

The Treasury has released a detailed report on President Joe Biden’s “Made in America Tax Plan,” which has the administration putting corporate America on the hook for the tab for the sweeping $2.25 trillion infrastructure package, through measures that include reducing opportunities—such as investing offshore and shifting profits—for corporations to pay lower taxes. The report …

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Biden’s Corporate Tax Hike Would Cut Jobs, Reduce Wages, Depress Growth: Think Tank

President Joe Biden’s plans to raise the corporate tax rate would have a chilling effect on economic growth, depress wages, and lead to job losses, according to the Tax Foundation, a tax policy nonprofit. Biden and congressional lawmakers have proposed several changes to the tax code, including raising the corporate tax rate to 28 percent …

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