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Balloon Juice | Willful Stupidity Open Thread: (No) Safety Theater
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Opinion | Rosie Could Be a Riveter Only Because of a Care Economy Where Is Ours?
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Chandan Khanna/AFP via Getty Images
President Joe Biden wants to raise taxes on corporations. Part of his success could hinge on getting the rest of the world to go along, or, at least, trying.
It’s no secret that companies would rather not pay taxes and that they employ a litany of tricks and schemes, both domestic and international, to keep their tax bills low. Over the past 35 years, the average corporate tax rate worldwide has been more than halved, falling from 49 percent in 1985 to 23 percent now. Despite efforts to improve the international tax regime, including with the 2017 tax law put in place under President Donald Trump, companies still find a plethora of workarounds. That includes profit-shifting, where companies book profits from higher-tax jurisdictions in lower-tax jurisdictions to lower their tax bills. Profit-shifting
The GOP Needs Its Very Own Infrastructure Plan | The National Interest
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The GOP Needs Its Very Own Infrastructure Plan
The Republican Party must do more than merely denounce the “American Jobs Plan,” or it risks falling further out of touch with its constituents. It must offer its own constructive vision for infrastructure to rebuild America.
President Joe Biden’s $2.25 trillion infrastructure bill, the so-called “American Jobs Plan,” received a hostile reception from Senate Minority Leader Mitch McConnell last week.
“This is not going to be, apparently, an infrastructure package,” McConnell told reporters after Biden briefed him on the bill. “It’s like a Trojan horse,” he warned. “So, it’s called infrastructure, but inside the Trojan horse is going to be more borrowed money and massive tax increases.” Biden’s wooden pony comes saddled with the Made in America corporate tax plan, which, his administration claims, would fully fund his infrastructure program within the next fifteen years and reduce future deficits. The c