Treasury Secretary Janet Yellen provided some insight into the Biden administration’s economic plans at an event hosted by the New York Times Monday.
She told viewers of the virtual conference that the Biden Administration is looking to boost the corporate tax rate to 28% (up from the Trump administration’s 21%) in an effort to additional tax revenue.
Yellen also said a greater tax on individuals and their investments was “worth considering.”
She told viewers of the virtual conference that the Biden Administration is looking to boost the corporate tax rate to 28% (up from the Trump administration’s 21%) in an effort to additional tax revenue.
Yellen also said a greater tax on individuals and their investments was “worth considering.”