Biden’s Corporate Tax Hike Higher than Communist China’s, Laborers to Bear 25% of Burden
Democrats are looking for ways to pay for their $3.5 trillion spending plan, including raising corporate taxes.
corporate tax rate
House Democrats’ Bill Will Raise Corporate Tax to 26.5 Percent
The Democrat-led House Ways and Means Committee on Monday released its corporate tax hike legislation, which it is looking to use to offset its radical partisan $3.5 trillion reconciliation package.
Brooks: Raising Corporate Taxes Will Cause Some Companies to Leave, But It’s Still ‘Appropriate’ Area to Raise Taxes
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks stated that while raising the corporate income tax will probably result in companies leaving for places will lower corporate tax rates, “But it seems to me the Biden administration has chosen the
Exclusive–Alfredo Ortiz: Biden’s First 100 Days Defined by War on Small Businesses
Biden will try to claim that his government spending blowout and proposed tax increases and labor regulations will help the economy, which reached new heights under Trump.
Poll: 98% of CEOs Say Biden Tax Hikes Would Have ‘Significant Adverse Effect’ on Competitiveness
A survey released Monday of CEO members of the Business Roundtable found 98 percent said proposed tax hikes would have a “significant adverse effect” on their ability to compete.
Amazon Backs Biden Tax Hike Plan After Years of Avoiding Federal Income Taxes
Billionaire Jeff Bezos, the founder and CEO of multinational corporation Amazon, is endorsing President Joe Biden’s plan to hike the corporate tax rate after years of evading federal income taxes.
Joe Manchin Says Senate Democrats Do Not Have Votes to Raise Corporate Taxes to 28 Percent
Sen. Joe Manchin (D-WV) conveyed Monday there are not enough votes in the Senate to pass President Joe Biden’s $2.25 trillion infrastructure proposal due to six or seven Democrats who oppose raising the corporate tax rate to 28 percent.
White House Fails to Address Joe Manchin’s Concerns About Corporate Tax Hikes
When asked about the moderate Senate Democrat’s concerns about the bill, White House press secretary Jen Psaki said they will be part of ongoing discussions with the president.
Exclusive — Rep. Steve Scalise: Biden’s Infrastructure Bill Uses ‘Global Warming’ to ‘Send More Jobs to China’
The Biden Administration’s “American Jobs Plan,” ostensibly an infrastructure-funding bill, will facilitate the outsourcing of jobs to China “under the name of global warming” if enacted, Rep. Steve Scalise (R-LA) said.
Joe Biden to Tax American Business at Higher Rate than Communist China
President Joe Biden proposes to tax American business at a higher corporate tax rate than Communist China charges American business.
Psaki on Corporations Raising Prices Due to Higher Taxes: Biden Believes People Know They Don’t Need to Raise Prices
During an interview aired on Thursday’s “MSNBC Live,” White House Press Secretary Jen Psaki reacted to concerns that corporations will raise prices if taxes on corporations are increased by stating that President Joe Biden believes people “know that corporations do
Nolte: Trump Says Washington Post Should Register as Amazon ‘Lobbyist’
In a Saturday morning tweet, President Donald Trump wrote that the far-left Washington Post should register as a lobbyist for the online mega-retailer Amazon.
Peter Navarro: Trump Trade Director Fought for Decade to Stop ‘Death by China’
President Donald Trump’s strategic pivot toward tariffs marks the ascent of National Trade Council Director and former University of California Irvine professor Peter Navarro, who has warned Americans for a decade against committing “Death by China.”
Trump Suggests Corporate Rate Could Go Higher than 20 Percent
A slightly higher rate could create room in the tax bills to expand some other tax cuts or restore state and local tax breaks.
POLLAK: Republicans Should Use Tax Reform to Deal with Obamacare and Immigration
Republicans should simplify the tax proposal, focusing on the reduction in the corporate tax rate, while repealing Obamacare’s individual mandate and ending tax benefits for employers who hire illegal aliens.
Apple Inc. Says Its Tax Rate of 0.00045 Percent Is ‘Fair’
Apple Inc. is promising to appeal the European Commission’s decision that it owes $14.5 billion in European taxes because it says the company’s current effective tax rate of 0.00045 percent is “fair.”
