Biden will today announce 7% corporate tax hike to 28% - the largest jump since the 90s - and 'target profits in tax havens' to raise $2TN for his huge climate-friendly infrastructure proposal | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Biden will today announce 7% corporate tax hike to 28% - the largest jump since the 90s - and 'target profits in tax havens' to raise $2TN for his huge climate-friendly infrastructure proposal

President Joe Biden will unveil Wednesday his long awaited Build Back Better initiative, an infrastructure and social welfare plan with an expected price tag of more than $4 trillion that will be mostly funded by corporate tax hikes.

Biden expects the nation's corporations to pay for $2 trillion in reengineering infrastructure in the midst of an economically and financially devastating pandemic.

The plan will include a 7% corporate tax hike – the largest increase since the 1990s – from the current rate of 21%.

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