Biden says 'wacko liberal guy' Ronald Reagan had a higher corporate tax rate than the US has right now
President Joe Biden is taking every opportunity he can get to tout his tax proposals, even if it means invoking a former Republican president to help his case.
"Our economic plan is working, and when I took office, there was no recovery and the economy was reeling," Biden said. Specifically, Biden wants to bring the corporate tax rate up to 28% from its current 21% — which, as the White House notes, is still lower than the previous rate of 35% under President Barack Obama. That slash from 35% to 21% was part of, much of which remains intact as Democrats squabble over what, if any, action on taxes to take.
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Biden whispers Reagan was ‘wacko liberal guy’ while pushing for tax hikesPresident Biden defended his proposal to raise the corporate tax rate to 28% by saying Friday that “wacko liberal” former President Ronald Reagan taxed businesses at an even higher rate…
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Biden’s corporate tax hike could kill 138,000 jobs, review findsPresident Biden’s proposal to hike the corporate tax rate to 28% would shrink the U.S. economy and eliminate more than 138,000 jobs over the next decade, according to an analysis by the nonpartisan Tax Foundation.
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