Joe Biden’s governor wants a tax cut for companies to finance their priorities that include an infrastructure plan, indicated this morning by the United States Treasury Secretary, Janet Yellen, in a hearing before the House of Representatives.
Biden “clearly clarifies its tax proposals”, declares Yellen ante the Commission of Financial Services of the Cámara Baja. The governor wants to increase the tax rate on corporate income from 21% to 28%.
It is hoped that Biden will present its proposal for a massive infrastructure plan aimed at creating jobs and combating the climate change climate, thus helping the existing economy to overcome the covid-19 crisis.
However, with regard to the approval of an in-depth living plan for the residents and the companies for 1.9 trillion dollars, the mandate is very important to the Congress to maintain control over the guest.
“I believe that a package that includes investment in people, investment in infrastructure, will help create good jobs for the state economy and the changes in the tax structure that will help pay for our programs,” Yellen said.
Various media outlets report that Biden is considering an infrastructure infrastructure for a total of 3 trillion dollars, which will be distributed in various projects of theirs.
The spokesman for the Casa Blanca, Jen Psaki, indicated in a tune the moonlight at night that with a new plan the governor “will concentrate on the employees and the way to increase the life of the stadiums”.
Republicans, though also the most conservative sectors of the Democratic Party, oppose an additional endeavor, even though the governing body has unleashed more billions of dollars to help businesses and the poor.
Yellen argued in the audience that the payload for companies is a “very bad” volume.
Según Politico -which cites a study of the goberno- the promissory note of the tax burden of the state companies is in fact very inferior to 21% and is around 7.8% during the major tax reform adopted by the Republicans in 2017.
The governor of Biden expresses that he wants to reverse this reform which at the moment of his approval generates critical criticism from the Democrats and which favors multinational companies and the mayors of mayors. So far, the experts have advised that companies do not pay the real tax rate.
The United States enforces the decadence of its infrastructure, with the mayor taking part in the highways, bridges, ferries and airports that were built between the 1950s and 1970s.
– “Lobby” work – “Three billion dollars is a lot of money, maximum when you read a package of packages estimated at six billion dollars” in one year, said Gregory Daco, economist at Oxford Economics.
“But the fundamental difference is that the means of emergency, between the checks to the families, have a punctual effect, while the inversions in infrastructure can promote crime in the large space”, verklarning.
The companies will start their “lobby” work in a coalition of 140 groups led by the Chamber of Commerce Estadounidense and the Bipartisan Policy Center, which will send out legislators to vote on a project for them on July 4, Independence Day. Pero no quieren oír hablar de alzas de impuestos.
This March, Yellen compared the President of the Federal Reserve, Jerome Powell, to the Congress. Republican Republican President Donald Trump has come to Powell to replace him with Yellen, who was stationed in the stadium of the emissary.
Powell insists that it is necessary to support the economy, and states that the United States is “lying” about a recovery provoked by the pandemic, and that the risk of a large-scale inflationary crisis is even greater.
“We do not hope that inflation will move in the course of this year,” said the Fed president.