Democrats winning Georgia Senate runoff will cause corporate tax hike: Former Home Depot CEO
foxbusiness.com/politics/democrats-winning-georgia-senate-runoff-will-cause-corporate-tax-hike-former-home-depot-ceo
Photo: foxbusiness.com · view article
Nardelli warns of higher corporate taxes under Democratic Senate controlOn January 6, Fox News’ Decision Desk projected Warnock’s victory in Georgia; the second Senate runoff remained closely contested.
Key FactsJan 6, 2021 · Reading time: ~45 sec.
Summary created with AI assistance · Source: foxbusiness.com
Summary created with AI assistance · Source: foxbusiness.com
- Nardelli argued that higher corporate taxes could end onshoring seen during the Trump administration.
- Fox News’ Decision Desk projected Raphael Warnock to defeat Kelly Loeffler, leaving Democrats one victory short of Senate control.
- Joe Biden has pledged to raise the corporate tax rate from 21% to 28%.
- Nardelli said more than 100 CEOs identified the corporate tax rate as their top priority during a webinar.
If in fact the two seats do swing over, I think we’re going to see a mad race to the finish… that they [Democrats] have to get this done in two years just in case so I do think we will see corporate taxes going up.— Bob Nardelli, former Home Depot and Chrysler CEO, on Fox Business discussing the Georgia Senate runoff and potential corporate tax changes
Story Details
| Last Updated | |
| Total Articles | 6 |
Main Topics
News on this topic
Biden needs China to help improve Americans’ lives: In a recent interview on National Public Radio, Jake Sullivan, the national security adviser-designate for ...
asiatimes.com/2021/01/biden-needs-china-to-help-improve-americans-lives/
Tesla Stock Rises On New Street-High Price Target, Democratic Senate: Tesla stock jumped as Morgan Stanley analyst Adam Jonas hiked his price target to a Wall ...
investors.com/news/tesla-stock-jumps-on-wall-street-high-price-target-democratic-senate/
We Looked At How The Stock Market Might Perform If Democrats Sweep Georgia—And The Results Aren’t What You Think
forbes.com/sites/sergeiklebnikov/2021/01/06/we-looked-at-how-the-stock-market-might-perform-if-democrats-sweep-georgia-and-the-results-arent-what-you-think/
Paid articlePaywallMore articles on this subject
Previous
Bank stocks rally as investors hope more fiscal support from Democratic congress will aid financials
businessinsider.com/bank-stocks-rally-democratic-runoff-election-georgia-wellsfargo-bofa-jpmorgan-citigroup-2021-1
Next
Similar to This
Previous
Who Qualifies for Brazil’s MEI Debt Relief: Brazil wants to forgive about US$2.5 billion in tax debt owed by 3.6 million MEIs and pay grants of up to US$1,000 ...
riotimesonline.com/brazil-mei-program-explained-2026/
Ex-Telkom boss Maseko convicted over unfiled tax returns for 5 companies: The former Telkom CEO has been convicted as a representative of five companies that ...
news24.com/business/companies/ex-telkom-boss-maseko-convicted-over-unfiled-tax-returns-for-5-companies-20261009-0669
Trump Tells Congress Don’t ‘Waste’ Time on Obamacare Credits: The president’s comments come as Senate Republicans prepare to hold a vote on extending Obamacare ...
finance.yahoo.com/news/trump-tells-congress-don-t-153740352.html
Senate parliamentarian greenlights AI moratorium again: A provision that bars states from regulating artificial intelligence (AI) for a 10-year period can remain ...
thehill.com/policy/technology/5374053-ai-regulation-bill-clears-byrd-rule/
Fairness campaigner favours UN over US or OECD tax rules: If Section 899 of the One Big Beautiful Bill survives the US Senate intact, the American threat to the ...
royalgazette.com/international-business/business/article/20250610/fairness-campaigner-favours-un-over-us-or-oecd-tax-rules/
Cosmetic mogul's onetime winter estate in Summerville hits the market for $3.2M: A downtown Summerville Victorian-style estate that Elizabeth Arden bought in ...
postandcourier.com/business/elizabeth-arden-summerville-charleston-real-estate-home-depot-blackbaud/article_58c9843c-bcab-11ef-9ed5-6b7e2d565716.html
Chuck Schumer calls election a choice between 'dark night' and 'brighter' future: Senate Majority Leader Chuck Schumer warned of the rise of antisemitism in the ...
nypost.com/2024/08/20/us-news/chuck-schumer-calls-election-a-choice-between-dark-night-and-brighter-future/
Key FactsSchumer Optimistic About Democrats with Harris Leading Ticket
Aug 21, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: npr.org
Summary created with AI assistance · Source: npr.org
- Senate Majority Leader Chuck Schumer expressed optimism regarding the Democrats' prospects of retaining Senate control and potentially gaining seats with Vice President Harris at the top of the ticket. He highlighted Harris’s background as California Attorney General as a significant advantage in connecting with middle-class voters.
- Schumer emphasized that abortion rights would be a crucial issue in the upcoming elections, particularly in states like Florida and Arizona. Despite facing a tough electoral map with many seats in deep-red or competitive states, he remained hopeful about the possibility of sweeping control of the White House, Senate, and House.
- He mentioned the fundraising successes of candidates like Colin Allred in Texas and Debbie Mucarsel-Powell in Florida, suggesting their races might be closer than expected. However, Schumer acknowledged that Republicans are likely to secure their seats in West Virginia and other areas.
- Schumer stressed the importance of bipartisan cooperation and mentioned the potential for changing Senate filibuster rules to tackle issues such as voting rights and campaign finance reform. Additionally, he expressed a desire to reverse Trump-era tax cuts and eliminate caps on state and local income taxes.
Maryland US Rep. David Trone apologizes for using racial slur at hearing. He says it was inadvertent
apnews.com/article/congressman-apology-racial-slur-mistake-3cfe6c5299cbceff05d138e8479ef168
Bipartisan tax deal could expand Child Tax Credit and extend business tax breaks: The legislation expands a popular child tax credit and applies to families with ...
npr.org/2024/01/16/1224900295/bipartisan-tax-deal-could-expand-child-tax-credit-and-extend-business-tax-breaks
Key FactsCongress Plans Investment in Children
Jan 16, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: washingtonpost.com
Summary created with AI assistance · Source: washingtonpost.com
- Republicans seek to renew corporate tax breaks, Democrats push for child poverty tax credit expansion.
- The agreement includes about $33 billion in business tax breaks and a similar amount for expanding the child tax credit.
- The changes to the child tax credit are estimated to benefit 16 million low-income kids and lift 400,000 children out of poverty.
- The agreement focuses on families below or near the poverty line who currently do not receive the full child tax credit due to the way the tax code works.
A Georgia Republican’s takedown of Trump and Herschel Walker nails it: Hey, Trump survived the « Access Hollywood » scandal, didn't he? It's all good!
washingtonpost.com/opinions/2022/10/07/herschel-walker-abortion-trump-geoff-duncan-georgia-senate-race/
Next