Birdwatch Note Rating
2023-03-30 01:41:51 UTC - HELPFUL
Rated by Participant: 796FC6B613ECFE96369FEF24C9FA1B160C9C7DE02B8E9526067815FF973101A3
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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