“There is enormous uncertainty, but we and other external forecasters expect inflation to come down over the next year,” Rouse told reporters as the White House unveiled the budget proposal, which now must be considered and enacted by a Congress. deeply divided.
NATO support
The United States proposes 6.9 billion dollars for the European Deterrence Initiative, NATO and the “fight against Russian aggression” and an additional 1 billion for Ukraine, according to a budget proposal published Monday by the government.
The funds would be used to “enhance the capabilities and readiness of US forces, NATO allies and regional partners in the face of Russian aggression,” the White House said.
The 2023 budget also plans to increase the corporate tax rate to 28%, reversing legislation passed in 2017 by the previous administration of former Republican President Donald Trump (2017-2021), which lowered it to 21%.
“Although their profits soared, their investment in our economy did not: the tax exemptions did not reach workers or consumers,” justified the White House, which stressed that the new rate remains the lowest for large companies. since World War II, except for the years after the 2017 tax cut.
Washington recalls having also supported an agreement negotiated with the Organization for Economic Cooperation and Development (OECD) that establishes a minimum tax of 15% for companies worldwide.
The Biden administration points out that the budget proposal contains additional measures to ensure that multinational companies operating in the United States cannot use tax havens to reduce the global minimum tax.
With information from Reuters and AFP
