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Biden’s Treasury Secretary Janet Yellen is now proposing an increase in the corporate tax rate from 21% to 28% in order to raise 2.5 trillion dollars over the next 15 years to supposedly pay for Biden’s ‘infrastructure plan’:
NY POST – Treasury Secretary Janet Yellen on Wednesday unveiled a plan to hike corporate taxes that would raise $2.5 trillion over 15 years to pay for the $2.3 trillion infrastructure overhaul proposal introduced last week by President Biden.
The plan is underpinned by an increase of the corporate tax rate from 21 percent to 28 percent, and it also features a global minimum tax rate of about 21 percent and a “minimum book tax” of 15 percent that all big companies would pay, Yellen said. ....

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