The 2020 annual report “The Future We Forge Together” highlights the Texas Public Policy Foundation’s impact, outreach, and finances in 2020.
Corporate Tax Hike Would Affect Us All
Along with more than $2 trillion in new government spending, President Joe Biden also wants to raise the corporate income tax (CIT) rate from 21% to 28%—that’s a 33% tax hike on corporations. He also wants to increase the tax on American corporations’ foreign profits to an effective rate of 26.25%—doubling it. More government spending,...