President Biden proposes a corporate tax hike.

President Biden's proposed corporate tax hike from 21% to 28% is criticized as economically foolish and populist nonsense, potentially harming competitiveness, innovation, and average American workers and consumers. The tax increase, intended to ensure a "fair share" from corporations, is seen as simplistic economic thinking and is part of Biden's administration's $7.3 trillion budget plan, despite concerns about Social Security insolvency.

March 14, 2024
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