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https://www.msn.com/en-us/news/politics/white-house-considers-new-taxes-on-billionaires-stock-buybacks-as-higher-corporate-rate-appears-to-fall-out-of-economic-package/ar-AAPLmGJ
Democrats decided against raising corporate taxes, no surprise there.
As of right now they don't know how they are paying for their economic package.
They are "considering" taxing rich people, but just like corporations, they won't be taxing their backers.
I'm guessing they will issue bonds or some other bs
Senior Biden officials briefed top Democratic lawmakers on a potential shift in the party’s tax plans on a private call Wednesday, as the White House searches for unity on how to pay for its multi-trillion-dollar economic package, according to three people with knowledge of the call, who spoke on the condition of anonymity to describe the private conversation.
While the Biden administration initially proposed increasing the corporate tax rate to 28 percent, a move that would partially unwind the tax cuts under former president Donald Trump, the president’s aides on Wednesday instead discussed an alternative range of tax hikes, likely excluding a corporate tax rate hike as part of a new source of revenue for the package, the people said.
Democrats decided against raising corporate taxes, no surprise there.
As of right now they don't know how they are paying for their economic package.
They are "considering" taxing rich people, but just like corporations, they won't be taxing their backers.
I'm guessing they will issue bonds or some other bs
Senior Biden officials briefed top Democratic lawmakers on a potential shift in the party’s tax plans on a private call Wednesday, as the White House searches for unity on how to pay for its multi-trillion-dollar economic package, according to three people with knowledge of the call, who spoke on the condition of anonymity to describe the private conversation.
While the Biden administration initially proposed increasing the corporate tax rate to 28 percent, a move that would partially unwind the tax cuts under former president Donald Trump, the president’s aides on Wednesday instead discussed an alternative range of tax hikes, likely excluding a corporate tax rate hike as part of a new source of revenue for the package, the people said.
