The Biden administration has ambitious plans to spend over $2 trillion – an alleged “one-time” capital investment in our nation’s infrastructure. This spending is to be paid for largely by higher taxes on corporations. Biden’s “soak the rich” campaign rhetoric included a promise not to raise taxes on anyone earning under $400,000 a year. My question: Is his proposal to raise the corporate income tax rate from 21 to 28% breaking his promise?
Auditing the Corporate Income Tax
Auditing the Corporate Income Tax
Auditing the Corporate Income Tax
The Biden administration has ambitious plans to spend over $2 trillion – an alleged “one-time” capital investment in our nation’s infrastructure. This spending is to be paid for largely by higher taxes on corporations. Biden’s “soak the rich” campaign rhetoric included a promise not to raise taxes on anyone earning under $400,000 a year. My question: Is his proposal to raise the corporate income tax rate from 21 to 28% breaking his promise?