Biden Unveils $5.8 Trillion Budget Proposal With Increased Taxes On Businesses, Wealthy Individuals
President Joe Biden Unveiled A New 2023 Budget Proposal Monday Along With Major Tax Increases To Help Pay For It.
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corporate taxes
Tennessee Has Collected $1.2B More Than Estimated Revenue This Fiscal Year
Tennessee Has Collected Nearly $1.2 Billion More Than Budgeted In Revenue So Far This Fiscal Year, According To Numbers Released Monday From Department Of Finance And Administration Commissioner Butch Eley.
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Biden Corporate Tax Hikes Will Hinder Investment, Economic Growth
A New Analysis Of President Joe Biden’s Tax Plan Raises Concerns About Its Impact On The Economy Both Now And In The Future.
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Global Minimum Corporate Tax Faces Opposition
The Proposed Global Minimum Corporate Tax Has Support From 130 Countries, But Several Prominent Nations Have Decided Not To Back The Plan.
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Tennessee Ranks 12th Highest In Economic Outlook Analysis
Tennessee Finished 12th In A Study By The American Legislative Exchange Council (ALEC) That Examined The 50 States’ Economic Outlooks Based On 15 Policy Measures.
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Biden’s Budget Would Cost Jobs, Lower American Incomes
A New Study Evaluating The Biden Administration’s Proposed 2022 Budget Found The Plan Would Significantly Lower GDP And Cost 165,000 U.S. Jobs.
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Global Minimum Tax Sparks Controversy
G7 Nations Have Indicated They Will Publicly Endorse A New Global Minimum Tax Rate Of 15%. Critics Argue The Plan Will Pass On Costs To Consumers And Sets A Dangerous Precedent For Allowing International Forces To Dictate American Tax Policy.
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Biden Tax Hikes In Flux As Infrastructure Negotiations Shift
The Collapse Of Negotiations Between The White House And Sen. Shelley Moore Capito, On An Infrastructure Deal Raised Concerns That Biden’s Proposed Tax Increases Could Regain Footing, But Lawmakers Wednesday Indicated That Likely Wouldn’t Be The Case.
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Global Minimum Corporate Tax Faces Strong Opposition
Ahead Of The G-7 Summit In The United Kingdom, A Recently Announced Agreement For A Global Minimum Corporate Tax Between The Biden Administration And Six Other Leading World Economies Is Facing Sharp Opposition From Republicans In The U.S.
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Biden Goes On Offensive After Attacks Over Struggling Economy
President Joe Biden Unveiled A Series Of New Measures Monday In An Attempt To Boost Hiring After Economic Data From The Month Of April Showed A Spike In Unemployment Filings.
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