Birdwatch Note Rating
2023-03-30 05:41:15 UTC - HELPFUL
Rated by Participant: 280FD37CFD358243E55EA828CB15AEBB1D6B74BCE7DF453389CA9703E5A4C906
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.
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