Biden's Corporate Tax Plan Decries 'Broken Bargain' With Middle Class

Biden's tax plan proposes nearly $1 trillion in new taxes on corporations and over three trillion overall. It aims to address the broken bargain with middle-class Americans by increasing corporate tax rates from 21% to 28% and raising the top individual tax rate to nearly 40%. The plan also targets foreign income and corporate loopholes to fund healthcare, infrastructure, education, and climate change initiatives. Compared to his Democratic rivals, Biden's tax increases are moderate, with Pete Buttigieg proposing a 35% corporate tax rate and Sanders and Warren advocating for more extensive taxes.

What is the main theme of Biden's tax proposal?

• Eliminating all corporate taxes

• Addressing the broken bargain between big business and the middle class

• Increasing taxes on middle-class Americans

• Reducing taxes for corporations

What is the proposed new corporate tax rate under Biden's plan?

• 40%

• 35%

• 28%

• 21%

Which areas are intended to benefit from the additional tax revenue in Biden's plan?

• Healthcare, infrastructure, education, and climate change

• Foreign aid

• Military and defense

• Space exploration

How does Pete Buttigieg's proposed corporate tax rate compare to Biden's?

• It is lower than Biden's

• It is the same as Biden's

• It is higher than Biden's

• It is not mentioned

What unique tax does Elizabeth Warren propose?

• A flat tax on all income

• A tax on all imports

• A tax on digital services

• A 2% wealth tax on billionaires