Reported 12 months ago
President Biden aims to increase corporate taxes, proposing a 28% tax rate and a 21% minimum tax to ensure big companies contribute more to the country's finances. However, Kevin O'Leary believes such a move would hinder U.S. competitiveness, making the country the least competitive in the G7. O'Leary has previously warned that raising corporate taxes would impede economic growth, making it harder for U.S. businesses to compete globally and potentially reducing job creation.
Source: YAHOO