Janet Yellen partly correct about corporate income, GDP
Posted on AllSides May 3rd, 2021
From The Left
FACT CHECK
President Joe Biden wants to pay for much of his American Jobs Plan — a $2.65 trillion proposal to fund infrastructure, research and development, and other items — by raising the corporate tax rate to 28% from 21%.
That’s still below the 35% rate in effect before the tax law President Donald Trump signed in 2017. But Republicans argue that any increase would leave the United States at a competitive disadvantage internationally.