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Minimum-Wage Hike Would Hurt Low-Wage Workers

Thanks to a determined coalition of liberal Democrats and moderate Republicans, it is all but guaranteed that, shortly after its August recess, Congress will vote on Sen. Ted Kennedy's (D.-Mass.) proposal to boost the minimum wage to $7.25 per hour, an increase of 40%. ....

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Some Companies Could Still Pay $0 in Taxes Under Biden Plan: Report

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When the White House announced President Joe Biden’s American Jobs Plan, the $2.3 trillion infrastructure plan it paired it with a tax plan it promised would “make sure corporations pay their fair share in taxes.” Administration officials and the president himself pointed to studies that showed how many Fortune 500 companies, the largest in the country by revenue, paid nothing in federal income taxes.
“A new, independent study put out last week found that at least 55 of our largest corporations use the various loopholes to pay zero federal tax, income tax, in 2020,” Biden said last week in a speech promoting his plan. “It’s just not fair. It’s not fair to the rest of the American taxpayers. We’re going to try to put an end to this.” ....

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Companies Could Still Pay $0 in Taxes Under Biden Plan

Companies Could Still Pay $0 in Taxes Under Biden Plan
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Biden proposals may not guarantee all Fortune 500 corporations pay federal income taxes, experts say

Biden proposals may not guarantee all Fortune 500 corporations pay federal income taxes, experts say
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Biden plans may not ensure Fortune 500 firms pay income taxes, experts say

Biden plans may not ensure Fortune 500 firms pay income taxes, experts say
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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