President Biden has proposed several wide-ranging government spending programmes, all of which he aims to finance with higher taxes on corporations and the wealthy. It’s of course far from certain that these spending programmes and tax hikes will become reality given his slim majority in Congress but the outcry by businesses and investors about the detrimental effects of higher corporate taxes could be heard across the pond, even without the use of modern electronic communication.
Corporate taxes don’t matter
Corporate taxes don’t matter
Corporate taxes don’t matter
President Biden has proposed several wide-ranging government spending programmes, all of which he aims to finance with higher taxes on corporations and the wealthy. It’s of course far from certain that these spending programmes and tax hikes will become reality given his slim majority in Congress but the outcry by businesses and investors about the detrimental effects of higher corporate taxes could be heard across the pond, even without the use of modern electronic communication.