While the term “corporation” is widely used to depict large companies such as Microsoft, Walmart, and McDonald’s, C-corporations are both small and large businesses, the most prevalent of corporations. Individual shareholders of C-corporations already have profits taxed both on a corporate and personal level .
“The Budget would set the corporate tax rate at 28 percent, still well below the 35 percent rate that prevailed prior to the 2017 tax law,” the proposal reads.
It will never pass
Biden is proposing a tax hike for middle class people to a minimum of 25%. They have been borrowing money, all they can get and donating it to foriegn countries like the billions to Ukraine, with no benefit to the American people.. The country is headed for bankruptcy. soon too
Tax creases on businesses will burden consumers.
Not happening, right Mr. Speaker?
That results in lower production, investment & innovation which drives lower employment. Joe knows that he just wants our $$ for his programs, friends & donors. The Green in Green New is really Green $$$, OUR $$$.
SHALL WE SAY BIDEN, IS TRYING TO FINANCIALLY DESTROY OUR COUNTRY…
Not to mention the purchaser as some if not all of tax increases are passed on
Not being elite really sucks.
Fjb
Don't think they care about American small businesses. Now if the big guy got 10% he may.
Yes, I hear he wants to make our corp. tax higher than Communist China’s.
Scam artist Trump had 4 years to prosecute the Biden Crime Family, did nothing. In fact, it’s the president’s constitutional OBLIGATION: Art. 2 Sec. 2. A president has the power to investigate. “The Constitution vests all executive power in the president.”
Damn he dumb
At what point to we finally say enough?
Bullshit. It’s been that rate before & we were fine.
Good idea make it more expensive for company's to operate here . So they leave and open business in other country's
I wonder what raising taxes on small businesses has done to those businesses in the past? In a recession...
Forcing all those companies that came back to the US and produced jobs and economic benefits will again sell out to China to keep prices down. Trickle down economics people. It's not hard. Low corporate tax rates create jobs.
More taxes means more waste by the US government, one of the most inefficient organizations in the world.
Corps don’t pay taxes, their customers do.
Biden doesn’t care, he doesn’t even know what day it is. Who are the puppet masters putting words in his ears for him to speak their evil agenda to destroy our country? Who?
He is rushing us into a recession.
I propose we all just stop paying and collecting taxes
This creepy sniffer Joe is out of control 🧐☝️ he's going to mess with social security and that not good for senior citizens he keeps saying republican party and that's not true ☝️🧐🤔 he is on camera saying he will and now has taxed IT SOCIAL SECURITY WAS NEVER TAXED 👽✌️ READ
Welp, there goes any chance of being jobs back to or keeping jobs in the USA. 🤦♀️. What a turd.
The secret to Trump’s economic success was that he put the U.S. business environment on an equal footing with other OECD countries. Now Biden wants to chase business back overseas.
Americans must send this guy to pasture.
To continuously feeding a government that’s corrupted to a level by using agencies to lie and eliminate their political competitors?
They are running out of money. Banks and the Feds. Maybe they squandered too much. Good news is, Ukraine is happy (for now.)
Genius. Want businesses and manufacturers to return to US soil so you jack up the tax rate. It’s absolute insanity. Let’s go Brandon!
Democrats using the old bait and switch again
Also Democrats: WhY aRe PrIcEs So HiGh
Corporations don’t pay taxes. They past cost down to us. We pay they’re taxes. Libs know that
You know why ? He’s Robin Hood or more the hood !
Horrible policy suggestion. Trump unleashed the power of American private industry by removing constraints. Biden would put chains back on American business owners. Trump wins !!!
This would hurt the middle class the most when the costs are passed on to the consumer
No, no, no. Why do Dems think raising taxes is the answer to all problems?
Higher prices for.goods due to higher taxes will stoke inflation. From trickle down to flowing up.
It will burden some, but whoever can, will move operations overseas. Great plan!
Fjb
Read between the lines and always remember that Biden's words as well as his whole admin are liars, cheaters, and full of mis information. Opportunists and power grabbers. No integrity!
Bug business just passes the tax to the consumer with higher prices. Thanks Biden
It will also burden the consumers who will actually pay the tax increases.
It’s just like applying sanctions to yourself!
'American manufacturing is back', oops there it goes.
BUSINESSES DO NOT PAY TAXES!!!!!! Consumers do. Why is that so hard to understand?!?!
thanks Joe Biden for raising taxes 👏 wonderful
That’s what happened giving all those money to UKraine and let the people suffer and carry the burden. That’s what you all voted for “Biden” so don’t complain. Share your fair share.
The tax machine needs to be shut down.
And businesses will have to raise prices for the consumers to cover the cost. Why do Democrats always believe raising taxes is a good solution? Never has helped and never will.
While some companies. Can afford it many can not. In either case the gov needs NO more money, it needs a budget and it needs to size down.
If breitbart doesn't like an idea, it must be a good idea.
RECIPE TO DESTROY SMALL BUISNESSES AND DESTROY THE MIDDLE CLASS !! EQUITY =WELFARE !!
Everything Biden does is for votes from the misinformed.
Idiots think he's a good president. Totally unbelievable. 🤕🤕🤕🤕🤕🤕🤕
'likely burden' 🤦
There socialist plan to make America broke redistribution of wealth to government bureaucrats while working Americans slowly lose everything from job cuts and inflation were losing our country to evil socialists
lynx5961 HAHAHAHAHA biden doesnt even know when he soils his pants, its obama, rice and others in the deepstate calling the shots. joe biden is a FRAUD and the obvious steal of 2020 should not have been allowed to happen.
why American Businesses split After hillybillywillydilly got NAFTA ... all revealed in agenda 21 & Life & Death of a Mexican Kingpin About an ol friend of Mine - Pablo Acosta Later 'revised' edition Published 2009 i think True Story Drug Lord -Pablo gunned down 1987 feds
Definitely a business killer... but that's his thing!!!
This burdens small businesses. Many will close. Corporations and small businesses that survive will simply raise their prices. We, the consumer, get our taxes raised inadvertently again, same as inflation has done to us. America Last is working.
Economic suicide
These same concerns apply to the tariffs desired by the nationalist right.
The burden will fall on the consumer. Additional taxation to Corporations will be added wholesale product distribution costs.
Companies don't pay taxes.
Driving most businesses out of business or out of the country.
Maybe he shoud concider cutting foreign aid instead raice taxes
The 7% extra tax for the Ukraine War effort? Old has it all figured out.
Tax and spend democrats, history of failure
Tax revolt.