The quarterly declines in real per-person GDP have occurred before, during and after the pandemic.
corporate tax rates
High business tax rates reduce innovation and can also reduce worker wages.
The evidence suggests that workers pay more than half of any corporate tax.
The president wants more than $2 trillion of new spending over the next decade.
The Biden administration plans to increase the U.S. federal corporate tax rate from 21 per cent to 28 per cent.
The president wants to increase the federal corporate tax rate to 28 per cent.
Canada ranks among the highest tax jurisdictions in the industrialized world for taxes on personal income, businesses and capital.
Alberta's corporate income tax rate will drop from 10 per cent to 8 per cent.
The Trudeau government raised the top federal income tax rate from 29 per cent to 33 per cent.