Labor unions and labor-backed groups are urging the lame-duck Congress to pass a bill that would devastate the working men and women they claim to represent. They want to raise the U.S. corporate tax rate to one of the highest levels in the world.
On the fifth anniversary of the Republican tax cuts, the evidence is clear that working people and small businesses have benefited enormously.
On the fifth anniversary of the Republican tax cuts, the evidence is clear that working people and small businesses have benefited enormously.
On the fifth anniversary of the Republican tax cuts, the evidence is clear that working people and small businesses have benefited enormously.
WASHINGTON, D.C. — The RATE Coalition, whose members and affiliates employ more than 53 million American workers in all 50 states, issued the following statement after the non-partisan Congressional Budget Office (CBO) released a new 10-year economic projection which forecasts that high levels of inflation will persist into next year.
Corporate Tax Hike Will Exacerbate Inflation, Hurt Economic Outlook Real Clear Markets By fmr. Senator Blanche Lincoln May 12, 2022…
The RATE Coalition, whose members and affiliates employ more than 53 million American workers in all 50 states, released the following statement on President Biden’s budget, which calls for raising the federal corporate rate from 21% to 28%. When combined with state taxes, American businesses would face an average effective tax rate of 33%. In comparison, competitors in China pay 25%, while Russian companies only pay 20%.
“The corporate rate hike’s exclusion from the current Build Back Better proposal is a positive step for America’s economic comeback”
“Washington’s movement away from an increase in our country’s corporate tax rate is a welcome development for struggling employers of all sizes across America – particularly the 1.4 million small businesses that faced the prospect of paying a higher rate.”
The RATE Coalition, whose members and affiliates employ more than 53 million American workers in all 50 states, released the following statement regarding the proposed budget framework
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