CNBC Television published this video item, entitled “Mick Mulvaney, Rep. Tom Suozzi debate impact of Biden’s corporate tax rate” – below is their description.
The Biden administration wants to hike the corporate tax rate to 28%. Analysts say 25% is more likely. Those three percentage points will matter a lot to revenue, jobs and the economy. A study by the Tax Foundation found that a 25% corporate tax rate would reduce GDP by 0.4% while Biden’s rate would reduce it by 0.8%. Mick Mulvaney, former Trump chief of staff, and Rep. Tom Suozzi (D-N.Y.), joined “Squawk Box” on Thursday to debate the policy.CNBC Television YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.