Corporate Tax

Biden’s financial candidate factors to larger corporate tax charges

Law360 (Jan. 28, 2021, 7:22 PM EST) – President Joe Biden’s decision to chair the White House Economic Adviser Council reassured Senate lawmakers Thursday that an increase in tax rates on wealthy corporations will be necessary as soon as the economic problems caused by the pandemic subsiding Pay for investments.

Cecilia Rouse, dean of Princeton University’s School of Public and International Affairs, testified during her hearing before the Senate Committee on Banking, Housing and Urban Affairs that Biden will consider a number of tax options to meet national priorities.

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