Breaking Down Tax for the S&P 100.
| Date | 01 November 2021 |
President Joe Bidens proposed tax changes include an increase to the corporate tax rate, which Congress under former President Donald Trump lowered to twenty-one percent with the passage of the Tax Cuts and Jobs Act of 2017. Any changes Biden hopes to make likely will face a long, arduous battle through Congress, so the Trump administration's corporate-friendly rates could be here to stay for quite some time. Add to that the pressure to keep businesses afloat amid the COVID-19 pandemic--even...
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