Biden's 28% Corporate Tax Rate Proposal

constructiondive constructiondive | 2 years ago

Companies should prepare for new or higher corporate taxes in light of President Joe Biden's 2023 budget proposal, experts say.

constructiondive constructiondive | 1 year ago

Dive Brief: Six of the 46 U.S. states that have held legislative sessions this year have cut corporate income taxes, the Tax Foundation said, citing action by lawmakers in Idaho, Iowa, Nebraska, New Hampshire, Pennsylvania and Utah. Coloradans will vote in November on a reduction. “The large revenue increases most states have experienced in recent years have proved fertile soil for rate reductions and structural reform,” the Tax Foundation said in a report. “The enhanced mobility facilita...