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Biden is proposing an increase in the U.S. corporate tax rate to 28% from 21%, to partly pay for his infrastructure proposal. President Donald Trump cut the rate from 35% in his 2017 tax law.
WASHINGTON (AP) — President Joe Biden and his team have offered a vastly inflated projection of how many jobs his infrastructure plan would create, an account his press secretary corrected Tuesday. Biden has also drifted beyond the facts when dismissing the potential downsides of the tax incre…Read More.
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