- 09 Apr 2021 05:14
#15165529
I can imagine a threat of hiking income taxes, setting up a Federal VAT or cutting Federal funding for welfare and social services could put pressure on Congress. There's a lot of talk about infrastructure investment, but the cumulative deficits of the Trump administration plus the pandemic do warrant some action to put the deficit under control in one way or another.
Biden may also argue that the US Corporate tax stood at 35% until Trump's tax reform which decreased it to 21%, and that the agreement is to just make corporations effectively pay the rate set up by him.
I think it will be harder for the US to sell this abroad than domestically, but I may be wrong.
Biden may also argue that the US Corporate tax stood at 35% until Trump's tax reform which decreased it to 21%, and that the agreement is to just make corporations effectively pay the rate set up by him.
I think it will be harder for the US to sell this abroad than domestically, but I may be wrong.