Analysis: White House, US companies could agree on 25% tax rate, officials, business groups say ...Egypt

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Reuters) – President Joe Biden has championed raising the US corporate tax rate to 28 percent from 21 percent as the main way to fund his $2 trillion infrastructure plan, but few people in Washington, including inside the White House, really think the rate will land there. Biden made it clear on Wednesday that he is open to compromise, after a reporter asked if he would be willing to agree on a tax rate below 28 percent. “I’m willing to listen to that, I’m wide open to it,” Biden said. Reuters interviewed more than a dozen corporate and White House officials engaged in the infrastructure push. Most expect the White House and business groups to compromise on a 25 percent corporate tax rate –

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Last updated : 08 April 2021 clock 11:45 AM

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Analysis: White House, US companies could agree on 25% tax rate, officials, business groups say ...Egypt

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