Biden administration releases plans for new minimum tax on large companies

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5 thoughts on “Biden administration releases plans for new minimum tax on large companies

  1. Raise their taxes and they will just offshore the cash and not bring it back to the USA. Bottom line is that the federal govt will ALWAYS outspend any taxes they collect, and the reality is that they print their own money. Taking more from the USA tax base is really just political pandering…..

    1. Yes, the key words are ‘political pandering’.! And they must think the public are all gullible fools!

  2. The belief that corporations won’t pass along these tax increases onto the consumer is being ignorant of basic economics.

    Higher costs of goods sold will lead to higher prices for consumers. Prove me wrong.

    1. And if they’re not cut social security, cut Medicare, and cut the military, you’re wasting everyone’s time.

      A serious suggestion if you actually care about the deficit is to both increase taxes and cut spending. Given the unpopularity of cutting those three areas, I think you’d need to be doing more increasing and less cutting.

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