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Biden to announce $2-trillion infrastructure plan that would
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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

Author:  DrCaleb [ Wed Mar 31, 2021 8:55 am ]
Post subject: 

Reading the details, I think this will be amazing. Jobs, infrastructure - everything a country needs to jump start the economy.

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.

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!

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.

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.

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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