How Biden’s corporate tax rate increase would affect Americans

Democratic presidential candidate Joe Biden has promised not to raise taxes on anyone making less than $400,000 a year, but his proposal to raise the corporate tax rate from 21% to 28% would result in increases for all Americans in the long run, according to a new analysis. Another $616.8 billion would be raised through income and payroll tax increases, while the final $276.4 billion would be raised through estate and gift tax increases.

Sources tell FOX Business’ Charlie Gasparino that Joe Biden met with Wall Street executives last week and says he won’t back away from raising taxes.
https://www.foxbusiness.com/economy/how-bidens-corporate-tax-rate-increase-americans

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