US businesses would still pay less than foreign companies even if some Trump tax cuts are repealed

U.S. businesses say they bear a heavier tax burden than overseas rivals. My story shows this is not true and that even if all Biden’s planed tax hikes happen, U.S. companies will likely still pay less tax than competitors in France, Japan, Germany, Korea.. https://t.co/8WJi3grbUE
— Tom Bergin (@tombergin_News) June 22, 2021

How do US taxes compare internationally? | Tax Policy Center

Republicans say Biden shouldn't increase corporate taxes, even though corporate taxes now account for just 7% of federal revenue. In the 1950s, they accounted for 35%.
— Robert Reich (@RBReich) April 27, 2021

In 1952, corporate taxes were 32 percent of federal revenue; in 2013 that share was down to 10 percent. By 2019, corporations contributed only 6.6 percent of federal revenue.https://t.co/l5w5r38qFS
— Jennifer 'pro-voting' Rubin (@JRubinBlogger) April 26, 2021

A short history of corporate tax rates:

Reagan: 34%
Clinton: 35%
Bush: 35%
Obama: 35%
Trump: 21%

Biden's original plan: 28%
Biden's "compromise" plan: 25%

This is why Dems need to stop negotiating with themselves.
— Robert Reich (@RBReich) May 21, 2021

Majority supports Biden’s infrastructure plan

President Biden's proposed infrastructure plan finds majority support among the U.S. public, with several specific areas of investment viewed as worthwhile across party lines (@kabir_here CBS News) Details: https://t.co/4Kx4fmA3pd pic.twitter.com/8Zw5tueM0V
— Opinion Today (@OpinionToday) April 26, 2021

Polls suggest Biden infrastructure bill is relatively popular — but softly defined. A Dem strategist warns D’s not to be overconfident: “voters boundaries are always lurking, waiting to rise to the fore." 1/https://t.co/HUoIiN1BR4
— amy walter (@amyewalter) April 23, 2021

New Monmouth University poll just out:

– 68% support Biden infrastructure plan
– 65% support raising $400k+ taxes
– 64% support Biden families plan
– 64% support raising corporate tax
— Ryan Struyk (@ryanstruyk) April 26, 2021

NATIONAL POLL: 2 in 3 support Biden spending plans.

$2 trillion #infrastructure proposal #AmericanJobsPlan
68% support
29% oppose

Upcoming plan to expand healthcare, childcare and other support. #AmericanFamiliesPlan
64% support
34% opposehttps://t.co/2FxTOLN7lo
— MonmouthPoll (@MonmouthPoll) April 26, 2021

NATIONAL POLL: What impact will @POTUS’s #infrastructure plan have on the country’s competitiveness in the global economy?
51% make US more competitive
12% make US less competitive
31% will have no impacthttps://t.co/2FxTOLN7lo
— MonmouthPoll (@MonmouthPoll) April 26, 2021

NATIONAL POLL: Which plan do Americans believe is more important for the country? #AmericanJobsPlan #AmericanFamiliesPlan

19% the infrastructure plan
21% the plan to extend healthcare
54% BOTH are equally importanthttps://t.co/2FxTOLN7lo
— MonmouthPoll (@MonmouthPoll) April 26, 2021

New WaPo-ABC News poll finds: 58% of Americans support raising the corporate tax rate from 21% to 28%, which Biden has proposed to fund infrastructure.https://t.co/4gZiAjh0QX
— Heather Long (@byHeatherLong) April 26, 2021

Online coverage of Biden’s tax proposal is bad

It’s been very misleading.

When they say he is raising taxes, they should note that corporate taxes will still be lower than they were before Trump. He’s proposing repealing part of the excessive Trump tax cuts. The rate before Trump was 35%. Trump cut it to 21%. Biden wants 28%
The capital gains tax increase he proposes only affects .3% of the people. This should be emphasized. Most people are not affected.

This proposal, which @JoeBiden campaigned on extensively, changes the tax rate for less than 1% of Americans (in fact, less than 1/2 of 1% of Americans). https://t.co/inqzY8qvpe
— Ronald Klain (@WHCOS) April 23, 2021

OK. 39.6% is not eye-popping. It's where the top marginal tax rate was until 2018. https://t.co/cg1ouod5z2 https://t.co/QdojG1zNSO
— Danielle Kurtzleben (@titonka) April 23, 2021

Percentage of Americans who reported adjusted gross income of more than $1 million and capital gains or losses on their returns, in 2018:

0.32%.

(via ⁦@business) https://t.co/TogOa4CN2a
— Carl Quintanilla (@carlquintanilla) April 23, 2021