corporate taxes

President Joe Biden will fight to force taxpayers to pay even more corporate taxes in next week’s 2024 proposed budget, which is likely to impact both large and small businesses.

The Biden Administration celebrated an international agreement among 130 countries on Friday to accept a minimum corporate tax rate of 15%. The idea is to prevent a “race to the bottom” that encourages companies to move offshore.

The Washington Post reports that Biden would not raise the corporate tax rate from 21 percent to 28 percent and instead propose a minimum corporate tax of 15 percent — for companies like Amazon that pay little to nothing in federal 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

Sens. Mark Warner (D-VA), Kyrsten Sinema (D-AZ), and Jon Tester (D-MT) are not comfortable raising the corporate tax rate to President Joe Biden’s proposed 28 percent

The program would shift the economy toward increased dependence on government spending to generate economic growth.

President Joe Biden’s infrastructure proposal is facing GOP criticism over divergent line items unrelated to classical infrastructure investment. 

President Biden’s $2 trillion infrastructure plan, dubbed the American Jobs Plan, is not sufficient and “needs to be way bigger,” Rep. Alexandria Ocasio-Cortez (D-NY) said on Tuesday prior to the proposal’s formal unveiling.

President Joe Biden proposes to tax American business at a higher corporate tax rate than Communist China charges American business.

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

Sen. Bernie Sanders (I-VT) introduced legislation to tax companies that pay CEOs more than 50 times their median employees. The new scheme comes after Sanders failed to get the $15 minimum wage hike into the coronavirus package.

A shift in the corporate world with big American companies embracing so-called “woke” leftist policies along with increased retirements among the old guard of the GOP is fueling a populist surge inside the Republican Party, a new memo from GOP insiders reveals.

Former Vice President Joe Biden stumbled on his free college agenda, understating it’s total cost, during an interview with CBS’s 60 Minutes, which prompted a clarification from Biden’s staff saying he “misspoke.”

On a fundraising call with supoorters, Biden said he planned to undo the Trump tax cuts on businesses and families.

What we have here with Ocasio-Cortez is just one more example of a left-wing tyrant who doesn’t want to live under her own rules.  

American companies have brought $1 trillion back to the United States since the passage of President Donald Trump’s tax cuts in 2017, according to new U.S. Department of Commerce data.

Sen. Bernie Sanders (I-VT) rolled out another aggressive tax proposal on Monday as he aims to address “income inequality” by taxing companies that demonstrate “large gaps between their CEO and median worker pay.”

Corporations are infusing money back to the U.S. from abroad in record numbers for the third quarter since passage of the Tax Cuts and Jobs Act to the tune of $92.7 billion dollars.

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.

Despite news reports saying GOP lawmakers are considering a phase-in of tax cuts, the White House says that is not the plan.

So long deficit neutrality?

“The Trump administration’s [economic] agenda is the right agenda,” the chief executive and chairman of J.P. Morgan Chase & Co. said.

Steve Forbes, chairman and editor-in-chief of Forbes Media, said on CNBC’s Squawk Box that Republicans need to move fast on a tax overhaul or risk losing the House in 2018.

The Financial Times takes a look at the under-reported international tax crisis, which could spiral into a complete meltdown due to cases involving Google, Apple, and Amazon.

Speaker of the House Rep. Paul Ryan (R-WI) says GOP presidential candidate Dr. Ben Carson is a champion poverty fighter. Carson responded by proposing a six month hiatus on corporate taxes from overseas in order to jump start the private sector and create more jobs.

“I’ve endorsed Donald’s 15 percent corporate tax rate many times,” Kudlow told Breitbart News in a brief interview during a commercial break.

I don’t know all the details about his entire tax program, it’s certainly moving in the right direction lowering rates but specifically on the 15 percent corporate tax rate I have argued for it for several years. And by the way, I happen to think it would grow the economy, attack capital from all over the world—China’s at 25, we’d be at 15, it would easily pay for itself. Easily. I believe it would lower the deficit. Again, I can’t speak for the whole plan—I can speak for the 15 percent corporate tax rate. He’s spot on. And I’m honored that he mentioned me. Honored.” Kudlow’s comments to Breitbart News about Trump come after an exchange in the opening part of the CNBC debate here where co-moderator John Harwood asked Trump extraordinarily contentiously about his tax plan.

Trump’s unveiling of the tax plan was a tremendous performance. Part of the secret to his success is that he sounds like what many people imagine they would sound like, given a megaphone to shout their discontent into the faces of the U.S. political establishment. That’s why Trump’s popularity doesn’t seem to take much of a hit when he gets rough with likable competitors, such as Senator Marco Rubio, who he dismissed as something akin to a hapless child during his press conference on Monday.