Washington, D.C. – President Biden’s recent budget proposal would bring billionaires and big corporations closer to paying their fair share in taxes. It would also disincentivize wasteful spending on stock buybacks.
WASHINGTON, D.C. — Private equity billionaires would be among the big winners from a corporate lobbying push in Congress to reap a windfall from a retroactive tax break in the omnibus bill now being crafted. Lobbyists and their many allies in Congress are trying to repeal new restrictions that took effect this year that limit how much corporations can deduct in interest payments on their debt.
Today, the House passed the Build Back Better Act, sending historic investments in white, Black and Brown working people to the Senate.