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Joe Biden pledges to roll back Trump's corporate tax cuts on 'day one,' saying it won't hurt busines
Democratic presidential candidate Joe Biden pledged in a CNN interview on Thursday to undo President Donald Trump's corporate tax cuts on "day one" of his presidency. But it may be difficult for Biden to stick to that ambitious timeline since overhauling the tax code requires Congress to act.
Biden's tax plan includes a partial rollback of the GOP's tax cuts, raising it to 28% from its current level of 21%. "I'd make the changes on the corporate taxes on day one," he said.
In the interview, he argued his proposal would help level the playing field between the wealthiest Americans and the middle class.
"Stockholders are making more money because they go out and buy back their own stock," Biden told CNN's Jake Tapper. "They bought back over a trillion dollars of their own stock, raising the price of the stock. That's it — not hiring anybody else, not expanding their business, not investing in new enterprises."
https://www.msn.com/en-us/news/politics/joe-biden-pledges-to-roll-back-trump-s-corporate-tax-cuts-on-day-one-saying-it-won-t-hurt-businesses-ability-to-hire/ar-BB18UM7O?li=BBnbfcQ&ocid=DELLDHP
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