Reported 7 months ago
Former President Donald Trump met with CEOs in Washington as the expiration of the tax cuts from his administration nears. President Joe Biden faces the task of addressing the future of these tax cuts, which have implications for the economy and individual and corporate finances. The CEOs want to maintain the corporate tax rate where it is, while Biden aims to potentially raise it to 28%. There are concerns about the potential removal of income tax and additional tariffs under Trump, as well as the impact on green energy initiatives and electric vehicle investments. The situation will continue to unfold over the next year and a half.
Source: YAHOO