President Joe Biden’s top economic advisor unveiled plans to address the battle over trillions in expiring tax breaks enacted by former President Donald…
President Joe Biden's top economic advisor on Thursday unveiled plans to address the battle over trillions in expiring tax breaks enacted by former President Donald Trump.
After 2025, several provisions from the Tax Cuts and Jobs Act, or TCJA, of 2017 will expire without action from Congress, which could increase taxes for more than 60% of filers.
While the TCJA permanently reduced the top federal corporate tax rate from 35% to 21%, Biden aims to raise corporate taxes and implement a
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