Biden corporate tax hike would cut 159K jobs and lower wages: Tax Foundation msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Congressional Leaders Talk Emergency Relief
Tuesday’s talks first in months hint at hope. Speaker Nancy Pelosi hosted Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, and House Minority Leader Kevin McCarthy yesterday to negotiate a spending and relief deal. Pelosi also talked at length with Treasury Secretary Steven Mnuchin this week.
TPC’s Matheson: Biden’s corporate tax proposals are an efficient and progressive revenue raiser. TPC’s Thornton Matheson explains why raising the federal corporate income tax rate from 21 percent to 28 percent and offering a 10 percent “made in America” tax credit for qualifying domestic manufacturing investments would be relatively efficient and progressive.