A fact check on a claim by Energy Secretary Jennifer Granholm gives greater insight into the truth about President Joe Biden’s proposed tax plan.
Granholm told CNN’s “State of the Union” on Sunday that if federal corporate taxes were raised, they would be closer to what other industrial countries have.
“You recall that, just a few years ago, the tax rate for corporate taxes was 35 percent, and when Donald Trump passed his corporate and tax cuts for the wealthy package, he dropped it to a point that nobody was even asking for, which was 21 percent,” she said.
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“So, what Joe Biden is saying is, let’s put it to a reasonable middle. Let’s put us in line with other industrial nations, which is at 28 percent.”
The left-leaning fact-checker PolitiFact rated Granholm’s