The Biden administration has proposed a range of personal and corporate tax increases to pay for roughly $4 trillion in new spending plans. While higher taxes ahead appear inevitable, we expect changes to some of these proposals as they move through the legislative process. For instance, instead of raising the corporate tax rate to 28% from 21%, Congress will likely settle on a more modest increase.
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Your Market News update for May 30, 2019 | View online Market News News that's moving the market now As Trade-War Worries Linger, Market Seems to Lack Buying Conviction May 30, 2019 8:40 AM | JJ Kinahan 6 min read | Daily Market Update