What Is in Joe Biden's Tax Plan?

What Is in Joe Biden's Tax Plan?

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Business

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Hard

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The video discusses Joe Biden's campaign, highlighting the support from private equity donors and the selection of Kamala Harris as his running mate. It outlines Biden's $3.2 trillion policy proposals, which include $3.4 trillion in tax increases. These proposals aim to roll back parts of the 2017 GOP tax reform, raising corporate tax rates and individual tax rates for the wealthy. The plan also targets large companies like Amazon with a minimum book tax. Investors express concerns over these policies, despite the potential revenue for healthcare, climate, infrastructure, and education.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What cap does Biden's plan propose to repeal regarding state and local taxes?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the minimum tax rate proposed for companies that reported over $100 million in net income?

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