Corporate tax rate higher under 'wacko liberal' Ronald Reagan: Biden

President Joe Biden is taking every opportunity he can get to tout his tax proposals, even if it means invoking a former Republican president to help his case.

"Our economic plan is working, and when I took office, there was no recovery and the economy was reeling," Biden said. Specifically, Biden wants to bring the corporate tax rate up to 28% from its current 21% — which, as the White House notes, is still lower than the previous rate of 35% under President Barack Obama. That slash from 35% to 21% was part of, much of which remains intact as Democrats squabble over what, if any, action on taxes to take.

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Biden’s corporate tax hike could kill 138,000 jobs, review findsPresident Biden’s proposal to hike the corporate tax rate to 28% would shrink the U.S. economy and eliminate more than 138,000 jobs over the next decade, according to an analysis by the nonpartisan Tax Foundation. And the poor and middle class. The Biden's Budget: It may not be all the help China needs but it is a start. tt:GordonGChang Yes. Correct
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