Democrat Biden's plan would raise taxes from U.S. companies that pay little

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

U.S. Democratic presidential candidate Joe Biden would use taxes on the wealthy ...

NEW YORK - U.S. Democratic presidential candidate Joe Biden would use taxes on the wealthy and corporations to pay for $3.2 trillion in promised investment in infrastructure, higher education and healthcare, according to an outline of his plans if he captures the White House.

Biden’s campaign team estimates his minimum tax of 15% on the income the most profitable companies report on their books would raise $400 billion, which would help pay for a $1.7 trillion investment to pay for proposed climate change and other infrastructure development. Policy proposals have differed widely among Democrats vying to win their party’s nomination to face U.S. President Donald Trump in the November 2020 election.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Due to the increased tax burden on labor from higher corporate income taxes, Biden’s tax plan will reduce income for all levels (Poor and middle class), not just “the rich” like he claims.

Swell!

Этот выборы проиграет.

This is a list of what he taxes. 1 is raising tax on capital gain income

Biden wants to make China great again

Reuters throwing a hail mary for Biden's presidential hopes.

Yep, tax the rich like they were back in th 60's. Would make health coverage alot better for ppl who need it most

Yawn,Personal wealth Biden.

and republicans will do everything they can to make it look like Biden will be raising everyone's taxes

He isn’t getting elected. So it doesn’t matter.

Soooooooo....all of them?

Joes BITEN is a Disaster

Well this is dumb

thats better than giving the ultra wealthy a tax break and watching our deficit rise

it's always 'raise taxes'....

Australia Australia Latest News, Australia Australia Headlines