Here's a friendly reminder that we are just one month out from tax day. Treasury and the IRS have extended the filing and payment deadline for individuals to May 17, 2021.
As you prepare your taxes this year, the Biden Administration is feverishly pushing out a plan to raise taxes.
"Corporate America and economic experts are increasingly warning about the potential consequences of raising corporate tax rates as businesses big and small struggle to dig out of the financial hole created by the pandemic." Click below to read more.
Biden's damaging tax plan would raise the corporate tax rate from 21% to 28% to pay for his outrageous proposed infrastructure plan. But corporations don’t end up paying corporate taxes in the way most people might think. Ryan Young, senior fellow at the Competitive Enterprise Institute, told the Washington Examiner that consumers will pay for it through higher prices. Read more here.
This tax plan will impact manufacturers and working families everywhere, potentially costing us 1 million American jobs. Read more below.
Best, Taylor
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