Ike★ 2,906 Posted March 12, 2021 Share Posted March 12, 2021 https://www.foxbusiness.com/economy/bidens-coronavirus-relief-bill-includes-60b-in-surprise-tax-hikes “Democrats snuck a handful of surprise tax hikes on corporations in President Biden's sweeping coronavirus relief package that combined are worth more than $60 billion. Democrats expect to produce $22 billion in new revenue by permanently repealing a provision in current law that gives U.S. multinationals the leeway to choose how to account for their interest costs when they do taxes. The legislation will also raise roughly $6 billion in new revenue by targeting executive compensation; under current law, businesses are able to deduct most employees' pay — generally barring that of the CEO, CFO and the three highest-paid officials — from their tax bill.” Link to post Share on other sites
Goukosan 2,249 Posted March 12, 2021 Share Posted March 12, 2021 Of course it wae about money for their own pockets. Link to post Share on other sites
Recommended Posts