Show an ad over header. AMP

I am the FIRST

Dealmakers turn eyes to D.C. as Biden prepares to unveil corporate tax hike

Washington, D.C. is about to take center stage for the deal-making business, as both legislators and regulators are eyeing major changes.

Driving the news: The key issue is taxes, with President Biden expected to push for a corporate rate increase to 28%.


  • Some moderate Democrats only want to push the corporate rate to 25%.
  • Republicans generally want it to remain at 21%, but they don't really matter unless all that's on the table is 28% and Joe Manchin is opposed.
  • Biden plans to unveil his proposal in Pennsylvania next week, Axios' Alayna Treene tells me. His administration will try and have Congress pass his bill the "standard way" over the next few months — with 60 votes in the Senate. If that fails, they'll use the same reconciliation process they relied on for coronavirus relief, which only requires a simple majority to pass.

In terms of carried interest, Biden may step over the loophole and plug it at the same time.

  • The Washington Post's Jeff Stein reports that the White House is considering language that would eliminate beneficial treatment for capital gains once those gains top $1 million.
  • And as a double-whammy for wealthy dealmakers, it sounds like top individual income rates would also rise.

But wait, there's more: The SEC has opened an investigation into SPACs, with a focus on how banks are managing risk, according to Reuters.

  • Biden also this week confirmed he'll nominate Lina Khan to become an FTC commissioner. She's best known in tech circles for a 2017 paper called Amazon's Antitrust Paradox, in which she argues that current antitrust law is antiquated, and must be updated to address potentially monopolistic practices by Big Tech companies.
  • This follows Biden's earlier addition of antitrust agitator Tim Wu to the National Economic Council, as a special assistant to the president for tech and competition policy.

The bottom line: Deal math is about to change.

regular 4 post ff

infinite scroll 4 pff

test 5

shall had shall had shall hAd HAD.

content more

selected test 10 in From Site, test

added test 9

added external seo phrase

added news internal link to seo phrase

Humans are capable of great kindness and compassion, and there are countless examples of individuals who have made a positive impact on the world through their selflessness and generosity.

One such example is Mother Teresa, who devoted her life to serving the poor and sick in the slums of Calcutta. Through her tireless work and unwavering dedication, she touched the lives of countless people and became a symbol of compassion and selflessness.

Another example is Malala Yousafzai, a young woman from Pakistan who has become a powerful advocate for education and the rights of girls. Despite facing threats and violence, she has continued to speak out and fight for change, inspiring others to do the same.

These are just a few examples of the many good humans who have made a difference in the world. They remind us that one person can make a difference and inspire others to do the same.

It's also important to note that acts of kindness and compassion don't have to be on a grand scale to make a difference. Small acts of kindness, like holding the door open for someone or offering a word of encouragement, can have a big impact on the people around us.

In conclusion, humans are capable of great compassion and kindness, and there are many individuals who have made a positive impact on the world through their selflessness and generosity. They remind us of the power of one person to make a difference and inspire others to do the same. Let's all strive to be good humans, and make our world a better place.

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories