Amazon supports a corporate tax increase proposed by President Biden to help pay for his administration’s $ 2 trillion infrastructure proposal, company founder Jeff Bezos said Tuesday. Biden has proposed raising the …
Read More »Biden’s Infrastructure Job Inflation
WASHINGTON (AP) – President Joe Biden and his team have offered a hugely inflated projection of how many jobs his infrastructure plan would create, an account his press secretary corrected Tuesday. Biden …
Read More »Yellen pushes for a global minimum tax rate for multinational corporations
WASHINGTON – Treasury Secretary Janet Yellen advocated for a global minimum corporate tax rate on Monday, seeking the international cooperation that is crucial to fund the administration’s $ 2.3 trillion infrastructure proposal. …
Read More »New York lawmakers move closer to a budget deal to increase corporate revenue and taxes by $ 4.3 billion
ALBANY, NY – New York Governor Andrew Cuomo and state lawmakers are closing in on a budget deal that would raise corporate and income taxes by $ 4.3 billion a year and …
Read More »Some Democrats agree with Biden’s plan to increase the corporate tax rate
WASHINGTON – President Biden’s proposed tax increases on corporations as part of a $ 2.3 trillion infrastructure plan has sparked a skeptical reaction from some Democrats, who instead favor borrowing money to …
Read More »Dozens of profitable U.S. companies haven’t had federal tax spending since Trump’s rate cut
More than two dozen large American companies have made a total of $ 77 billion in domestic benefits in the past three years without any expectation of having to pay immediate federal …
Read More »The United States moves toward an international digital tax deal
Treasury Secretary Janet Yellen said on Friday that regulators agreed to remove a controversial part of the US government’s plan to reform global digital tax rules, clearing the way for a faster …
Read More »Joe Biden pulls out a cheat sheet for questions about Trump tax cuts
Democratic presidential nominee Joe Biden pulled out a cheat letter during a town hall event in Pennsylvania on Thursday night as a question about taxes. A Republican voter questioned Biden about his …
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