President Biden often talks about profitable companies that pay no U.S. taxes. Democratic tax increases wouldn’t necessarily stop that,
Party proposals don’t affect main reasons why profitable companies sometimes report no current U.S. tax costs
The Democrats’ plan to pay for President Biden’s $3.5 trillion Build Back Better initiative will need to strike the right balance to appeal to progressives without alienating moderates. WSJ’s Gerald F. Seib discusses with tax policy reporter Richard Rubin. Photo illustration: Todd Johnson
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