6/23, 9:20 PM (Source: TeleTrader)
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Alphabet CFO supports Biden's tax raise proposal

Alphabet Inc. Chief Financial Officer (CFO) Ruth Porat (pictured) voiced on Wednesday her support for United States President Joe Biden's proposal of raising taxes for those with an annual income of over $1 million.

Porat stated that, given the still ongoing COVID-19 pandemic and the crisis it caused, the country's economy now needs to "have sustainable growth, which is positive for everyone, it needs to be inclusive growth, and we each need to do our part."

Earlier in the day, Treasury Secretary Janet Yellen talked about raising corporate taxes, saying that such a move would "put the US in the middle of global peers."

Breaking the News / JR