CFPB expands oversight of digital payments services including Apple Pay and Cash App
That’s right. Vice President Kamala Harris and the Biden Administration have proposed increasing the corporate tax rate from the current 21% to 28%. This proposed hike would reverse a significant part of the tax law changes made by the Trump administration in 2017, which cut the corporate tax rate from 35% to 21%. The tax hike is part of a larger plan to fund the administration’s infrastructure proposal. This proposal has sparked debate, with supporters saying it could help ensure corporations pay their fair share, while critics worry it might deter business investment.
