Top
image credit: Pixabay

Biden’s corporate tax plan depends on Georgia’s Senate results

November 16, 2020

Via: Fortune
Category:

The two runoff elections in January to choose Georgia’s senators could have a direct effect on the bank balances of companies nationwide. That’s because Georgia’s voters will determine which party controls the Senate, which in turn will heavily influence whether President-elect Joe Biden’s business tax proposals become law.

The stakes are high. Biden has advocated for several tax increases on companies, starting with a substantial increase in the corporate tax rate, currently 21%.

Read More on Fortune