Opening Word document…
Corporate taxes zero Biden’s political capital.
Eric Rosenbaum, 12-2-2020, Senior Editor, “CFOs feel confident Biden won’t be able to raise the corporate tax rate to 28%: Survey,” CNBC, https://www.cnbc.com/2020/12/02/biden-wont-be-able-to-raise-corporate-tax-rate-to-28percent-cfo-survey.html, KL
“The consensus seems to be that Biden will attempt to raise corporate taxes and be unsuccessful in doing so. And, he does not have the political capital to get a program that is reasonably popular. Americans seem to like divided government, and that is what we have,” McCullough said.
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