Birdwatch Note Rating
2023-03-29 16:27:53 UTC - HELPFUL
Rated by Participant: 02074E602D6E5FE47D61FF37A9D69AA0C6E249C6603E31FC99198CD67DF2CB8D
Participant Details
Original Note:
This is true based on the tax proposal details we currently have. Biden is proposing raising the corporate income tax rate and the top marginal tax rate on income above $400,000. There is also a proposal to tax stock buybacks at a higher rate. https://taxfoundation.org/biden-budget-tax-proposals-analysis/#:~:text=President%20Biden's%20Fiscal%20Year%202024%20Budget%20outlines%20several%20major%20tax,in%20new%20taxes%20on%20net.
All Note Details