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| Author: | Newsbot [ Wed Mar 31, 2021 8:55 am ] |
| Post subject: | Biden to announce $2-trillion infrastructure plan that would |
Title: Biden to announce $2-trillion infrastructure plan that would transform U.S. economy Category: Economics Posted By: DrCaleb Date: 2021-03-31 06:46:01 Canadian |
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| Author: | DrCaleb [ Wed Mar 31, 2021 8:55 am ] |
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Reading the details, I think this will be amazing. Jobs, infrastructure - everything a country needs to jump start the economy. |
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| Author: | raydan [ Wed Mar 31, 2021 8:57 am ] |
| Post subject: | Re: Biden to announce $2-trillion infrastructure plan that would |
Republicans will hate it. |
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| Author: | DrCaleb [ Wed Mar 31, 2021 9:37 am ] |
| Post subject: | Re: Biden to announce $2-trillion infrastructure plan that would |
They hate everything. Hey, Mikey! |
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| Author: | bootlegga [ Wed Mar 31, 2021 2:43 pm ] |
| Post subject: | Re: Biden to announce $2-trillion infrastructure plan that would |
This sounds ecellent: $1: Biden would undo the signature policy achievement of the Trump administration by lifting the corporate tax rate to 28 per cent from the 21 per cent rate set in a 2017 overhaul.
To keep companies from shifting profits overseas to avoid taxation, a 21 per cent global minimum tax would be imposed. The tax code would also be updated so that companies could not merge with a foreign business and avoid taxes by moving their headquarters to a tax haven. And among other provisions, it would increase IRS audits of corporations. |
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| Author: | rickc [ Wed Mar 31, 2021 4:12 pm ] |
| Post subject: | Re: Biden to announce $2-trillion infrastructure plan that would |
bootlegga bootlegga: This sounds ecellent: $1: Biden would undo the signature policy achievement of the Trump administration by lifting the corporate tax rate to 28 per cent from the 21 per cent rate set in a 2017 overhaul. To keep companies from shifting profits overseas to avoid taxation, a 21 per cent global minimum tax would be imposed. The tax code would also be updated so that companies could not merge with a foreign business and avoid taxes by moving their headquarters to a tax haven. And among other provisions, it would increase IRS audits of corporations. 21 percent is still lower than 28 percent. What good is making a 21 percent global tax rate when the U.S. rate is 28 percent? That is not going to stop anyone from leaving. I like the general idea but they need to crunch the numbers here. The global tax rate should be HIGHER than the U.S. rate, not lower. |
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| Author: | Scape [ Wed Mar 31, 2021 4:23 pm ] |
| Post subject: | Re: Biden to announce $2-trillion infrastructure plan that would |
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