đš BREAKING NEWSđš
Kamala Harris has announced plans to raise the corporate tax rate to 28% if elected president.
đ Current Rate: 21% (in place since 2018)
đ Historical Move: This would be the first increase in over 40 years.
đșđž Bidenâs Proposal: Earlier this year, President Biden proposed raising the rate to 45%.
đž Impact: A higher corporate tax could weigh on the market and reduce overall net income for businesses.
Is a tax hike necessary? đ§