RATE Coalition Statement on President’s Budget

March 28th, 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%.   […]

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