While the plan still keeps corporate tax rates relatively low, progressives applauded the hikes as "long overdue."President Joe Biden talks about his proposed FY2024 federal budget during an event at the Finishing Trades Institute on March 9, 2023 in Philadelphia, Pennsylvania.Chip Somodevilla / Getty Images While far-right Republicans continue threatening to blow up the global economy unless Congress makes cuts to popular social programs, progressive taxation experts are celebrating U.S. President Joe Biden's latest push to invest in "widespread prosperity" by raising taxes on wealthy individuals and corporations.
#people #republicans #getty-images #president-biden #philadelphia #pennsylvania #real-estate #corporations #billionaires
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