The American Prospect: The Day One Agenda for Corporate Taxes
media mentionEven without Congress, President-elect Biden’s regulatory agencies can fix a lot of problems with the corporate tax code.
BY STEVE WAMHOFF, MATTHEW GARDNER
The public has long told pollsters that corporate taxes should be increased, not decreased. President-elect Biden won his election after campaigning on a promise to raise taxes on wealthy individuals and corporations. Republican lawmakers who attempt to block this legislative priority could pay a price in the next election, given how popular it is. But what can Biden do in the meantime, if he cannot get a tax bill through Congress?