5/6, 9:34 PM (Source: TeleTrader)
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Biden favors corporate tax rate increase to 25-28%

United States President Joe Biden said on Thursday he would like to see a corporate tax rate between 25% and 28%.

"The way I can pay for this, is making sure that the largest companies don't pay zero, and reducing the tax cut to between 25 and 28. That's a couple hundred billion dollars, and we can pay for these things," Biden explained speaking in Lake Charles, Louisiana.

Biden held a speech about the American Jobs Plan, which would add funds made by raising the corporate tax rate from the current 21%, which was lowered by the Trump administration in 2017.

Breaking the News / ND