Disney & Other Corporations Launch Plan to Fight $3.5 Trillion Economic Package
A Washington Post article this morning dropped Disney’s name as they explained a plan to fight against the Democratic tax plan.
Currently, there is a still-forming economic plan with intents to expand Medicare coverage, offer universal pre-kindergarten to all children, provide new help to low-income families, and invest substantial sums toward combating climate change. All of which will come with a hefty price tag and the ever looming possibility of tax increase. The Washington Post article states “Democrats’ plan to pay for the reconciliation bill through tax increases on businesses. Biden has proposed to raise rates to 28 percent from 21 percent”
Certain corporations, many from the Business Roundtable like Apple and Walmart, as well as companies such as ExxonMobil, Pfizer, and the Walt Disney Company, are pooling resources together to combat this economic plan. Their main complaint is focused on the hefty corporate tax increases.
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