Posted 3/7/2024, 3:46:27 PM
Biden Proposes Corporate Minimum Tax, Prescription Drug Reforms, Housing Tax Credit to Boost Fair Economy
- Biden pushed for a higher 21% corporate minimum tax for big corporations to pay their "fair share"
- He touted the strong economy and job growth under his leadership, calling it the "greatest comeback story"
- He wants Medicare to have more power to negotiate lower prescription drug prices to save taxpayers money
- He proposed an annual tax credit to help Americans with housing costs
- He aims to curb unfair pricing practices like "shrinkflation," where companies reduce product sizes to hide price hikes