Business
Biden Turns to Taxes on Corporations, Millionaires to Pay for Agenda
WASHINGTON—President Biden outlined $1.85 trillion in proposed tax increases and other revenue generators on Thursday to pay for his social and native climate agenda, offering a hodgepodge of strategies designed to navigate purple traces set by the administration and congressional Democrats.
The plan depends upon a 15% firm minimal tax, surtaxes on the very highest earners, tougher tax enforcement and higher taxes on U.S. firms’ worldwide earnings.
https://www.wsj.com/articles/biden-turns-to-taxes-on-corporations-millionaires-to-pay-for-agenda-11635436525?mod=pls_whats_news_us_business_f | Biden Turns to Taxes on Corporations, Millionaires to Pay for Agenda