Tax increases to be paying for Biden’s $2.25 trillion infrastructure plan – White House

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Forex.com:

  • 620 billion to be dedicated to transportation
  • $650 billion to be used for initiatives to improve quality of life at home
  • $580 billion to strengthen US manufacturing, research and development
  • $400 billion to address improved care for the elderly, people with disabilities
  • Tax increases to “fully pay for the investments in this plan over the next 15 years”
  • Proposes US corporate tax rate to go up to 28% from 21%

As a reminder, Republicans slashed the corporate tax rate from 35% to 21% back in 2017 so even the “hike” here isn’t as heavy; it is likely to be watered down surely. Read More

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