Democrats may deficit-spend as Republicans attack Biden's efforts to raise taxes. "His only red line is inaction," Press Secretary Jen Psaki said.
Biden insisted the meeting with both Republican and Democratic lawmakers wasn't just "window dressing" and that he's willing to talk size and scope.
One issue with taxing the ultrawealthy to pay for pandemic losses is they may just avoid the tax. Inequality expert Angus Deaton says so, too.
Business Roundtable CEO Josh Bolten told Bloomberg he still favors a "substantial amount" of Biden's plan but certainly not corporate tax changes.
Goldman Sach's David Kostin told CNBC S&P 500 earnings growth could be around 2% if the entirety of Biden's tax proposal is implemented.
Dimon, long rumored as a potential Treasury Secretary, has ideas on tax reform that prioritize lower- and middle-income Americans over corporations.
A Morning Consult poll found separate from infrastructure, 85% of Democratic and 59% of Republican voters agree corporations should pay higher taxes.
"I'm actually okay at 28%," Gary Cohn told Yahoo Finance last year. That's exactly the rate Biden wants corporate tax rates to go back to, from 21%.
Biden needs to raise revenue, but other countries with lower corporate taxes could lure multinationals away. The Treasury Secretary is on the case.
A Morning Consult/Politico poll found that over half of voters - including a third of Republicans - support paying for infrastructure with tax hikes.
Biden is looking at raising more revenue and has said Americans earning over $400,000 can expect hikes, but he isn't considering a new wealth tax.
Recently, President Joe Biden said that Americans earning above $400,000 would experience a "small to significant" tax increase.
Bridgewater, the most successful hedge fund, released a report that said corporate profit margins have increased rapidly in the past 20 years because of declining labour shares. In industries where unionization decreased, wages also fell. Union members went from being about one-fourth of the workforce to just over 10% of […]
Apple’s campus search, which concluded earlier this week, was conducted fairly quietly, especially compared to rivals like Amazon. That’s because Apple’s main goal wasn’t to gain the maximum incentives from local governments. Instead, it wanted to portray itself as a job creator and American company for two reasons: To repay […]
Apple could free up $US24 billion of overseas cash due to President Donald Trump’s tax overhaul, a UBS analyst found. The corporate tax plan incentivizes companies like Apple that do big business overseas to bring more profits back home. The money that Apple saves from tax reform could be converted […]
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