The 5 Biggest Biden Tax Proposals That Could Affect Tech Earnings

Overview

President Biden has clarified he is committed only to a partial rollback of the Tax Cuts and Jobs Act of 2017, aiming to make permanent the tax cuts that went to lower- and middle-class Americans, while raising taxes on corporations and those earning more than $400,000 per year. Combing through Biden’s platform, there are five proposals that would have the biggest impact on tech companies’ tax burdens, including the corporate tax rate hike and offshoring penalty (and "Made in America" credit).

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