Mick Mulvaney, Rep. Tom Suozzi debate impact of Biden’s corporate tax rate

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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.

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CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.

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