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Snapshot 1:Thu, Sep 12, 2024 8:38:46 PM GMT last edited by Brian

US Treasury Prepares New Rules to Enforce 15% Corporate Tax

Above: U.S. Secretary of the Treasury Janet Yellen testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on July 9, 2024 on Capitol Hill in Washington, DC. Image copyright: Alex Wong/Staff/Getty Images News via Getty Images

The Spin

This rulebook is common sense, as the largest corporations in America not only play an average of 2.6%, but more than half of them pay less than 1%. The CAMT was passed with goal of making the absolute richest companies pay their fair share—which is why it only applies to those with $1B in profits, not sales. While companies will have a chance to comment on the matter, this proposal should be accepted by anyone who prioritizes main street over Wall Street.


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