Institute on Taxation and Economic Policy

June 3, 2021

Business Insider: Biden offers to ditch his rollback of Trump-era tax cuts in major infrastructure concession to GOP

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Instead, Biden put forward a 15% minimum corporate tax as a possible solution, a levy that would be squarely aimed at corporations paying little to no taxes. The president has previously cited a report from the left-leaning Institute on Taxation and Economic Policy indicating 55 major American companies paid nothing in federal income taxes in the past year. Read more