President Joe Biden is considering tax hikes, new fees, and a corporate tax rollback to pay for the infrastructure plan that is now taking shape, according to White House press secretary Jen Psaki and a California Democrat familiar with discussions on the matter. Biden floated a $2 trillion infrastructure bill while campaigning, but his administration…
Biden Mulls Funding Infrastructure Plan with Tax Hikes, Corporate Tax Cut Rollbacks, New Fees
Biden Corporate Tax Hikes Will Send Jobs Overseas
Commentary President Joe Biden has proposed $4 trillion in tax increases on American families and businesses. While Biden touts his tax hike plan as a way to ensure corporations “pay their fair share,” the proposal will harm the U.S. economy at a time that it is recovering from the Coronavirus pandemic. These tax hikes will…
California Assembly Preps Tax Hike on Businesses to Fund Homeless Programs
California lawmakers are seeking to address the state’s growing homelessness problem with a proposed tax hike on businesses making more than $5 million annually in the state. Proponents say Assembly Bill 71 (AB 71), also known as the Bring California Home Act, would restore corporate tax rates to 1980s levels to provide an estimated $2.4…
California Assembly Preps Business Tax Hike to Fund Homeless Programs
California lawmakers are seeking to address the state’s growing homelessness problem with a proposed tax hike on businesses making more than $5 million annually in the state. Proponents say Assembly Bill 71 (AB 71), also known as the Bring California Home Act, would restore corporate tax rates to 1980s levels to provide an estimated $2.4…
The Now-Complete Democrat Trifecta Threatens Tax Hikes
Commentary Understandably lost in the wake of Wednesday’s shocking events was the fact that, with two election wins in Georgia, Democrats took control of the Senate to go with control over the House and presidency. Though tax policy may have taken a backseat in these Georgia elections, the results raised the chances of significant tax…
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