Is President Biden On the Right Track With His Billionaire and Business Tax Increase Plans?
CPA Practice
MARCH 15, 2024
The result is lower economic growth, fewer new business starts, and less job creation. Lynn Reaser, economist YES: The 2017 tax cuts did stimulate investment but fell widely short of financing themselves. Raising the corporate tax rate to 28% and setting the minimum at 21% would be steps in that direction.
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