President Joe Biden called for the U.S. corporate tax rate to rise from 21% to 28% in order to help pay for his $2.5 trillion infrastructure plan, but tax experts are divided as to whether doing so is actually good for the country.
The increase and subsidy combination would raise approximately $740 billion over this decade, according to the Urban-Brookings Tax Policy Center, which on its own would pay for a sizable amount of Biden’s infrastructure plan.
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