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Joe Biden to Tax American Business
at Higher Rate than Communist China

Original Article

Posted By: Imright, 3/31/2021 1:36:44 PM

President Joe Biden plans to propose a tax on American businesses at a higher corporate tax rate than Communist China charges American businesses.Biden will travel to Pittsburgh Wednesday to present a 2.25 trillion dollar package that would, if passed into law, increase the corporate tax rate from 21 percent to 28 percent, outdoing Communist China’s corporate tax rate of 25 percent, just after former President Trump lowered the tax from 35 percent to the current 21 percent.According to the Washington Post, “The proposal would also increase the “global minimum tax paid from about 13 percent to 21 percent, as well as other measures aimed at taxing corporations that shelter

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Reply 1 - Posted by: Toodles3956 3/31/2021 1:42:01 PM (No. 740790)
Trump brought manufacturing back to America. Under Biden, within 2 months they are already leaving. Way to go Democrats!
8 people like this.

Reply 2 - Posted by: earlybird 3/31/2021 1:44:41 PM (No. 740795)
Right. Yet Joebama and his financial geniuses believe they will be able to compete with Communist China. Degan McDowell just tore this to shreds on Maria Bartiromo, and the WSJ’s Hugh Gurdon said “absolutely right!!"
6 people like this.

Reply 3 - Posted by: kono 3/31/2021 1:50:51 PM (No. 740807)
Of course Biteme gives a home-team discount to his managers and mentors.
3 people like this.

Reply 4 - Posted by: DVC 3/31/2021 2:29:25 PM (No. 740866)
Under orders from the ChiComs to push more US businesses to China.
8 people like this.

Reply 5 - Posted by: stablemoney 3/31/2021 2:42:23 PM (No. 740895)
The corporations have been taken over by the communists. Every corporation has a diversity officer, which is nothing but a political officer of the Democrat Party, there to make sure corporations toe the leftist line. Corporations pay another 15% in payroll, property, sales, and other taxes, making the effective rate 43% of their income. Then, half their staffing are people dedicated to compliance requirements of governments. All those costs make more than half of corporate earnings drained away for things other than what is necessary to successful run the company. That is why most businesses fail, and we are left with a small oligarghy of big businesses.
4 people like this.

Reply 6 - Posted by: Luandir 3/31/2021 2:53:35 PM (No. 740905)
A clear declaration of JoeBama's priorities.
3 people like this.

Reply 7 - Posted by: bpl40 3/31/2021 3:14:50 PM (No. 740918)
Over 50% Americans when asked "How much did you pay in taxes last year", said "Nothing. I got a refund"! With that stupid an electorate they can get away with anything.
3 people like this.

Reply 8 - Posted by: bobn.t 3/31/2021 3:59:05 PM (No. 740962)
Continuing Obama's effort to destroy the county financially. I's time to reject these govt thugs. We need Trump.
1 person likes this.

Reply 9 - Posted by: skacmar 3/31/2021 5:31:03 PM (No. 741041)
Corporations, no matter what their tax rate will just adjust their book keeping strategies to use existing loopholes and deductions in the myriad spiderweb of corporate tax laws to continue to pay little to no taxes when possible. As for their "fair share", large corporations may show zero income taxes but the pay tons of money in other types of taxes and government expenses that result in the write offs that result in $0 income taxes. Biden and Democrats know this, they just like to demonize those evil corporations who employ millions of Americans.
2 people like this.

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