Bidenomics: Higher tax rates, more loopholes - Washington Examiner

Washington Examiner

Lean Right

Mixed Factuality

Individual: Philip Anschutz

Bidenomics: Higher tax rates, more loopholes - Washington Examiner

President Joe Biden has fought his entire presidency to increase the corporate tax rate while also increasing tax loopholes and giveaways. This may sound contradictory: Why are you increasing corporations’ taxes and cutting their taxes at the same time? But higher rates and more loopholes is a perfectly consistent tax policy if you see the tax code as a way to increase government power — and also to influence the behavior of companies. A high ta…