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How Joe Biden’s Tax Plan Could Spur A Surge In Employee-Owned Businesses

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President Joe Biden

 

The tax plan to fund President Joe Biden’s $6 trillion proposed budget contains a number of new revenue-raising measures, most imposed on the highest-earning Americans and corporations. One of the tax hikes, a proposed 17% increase to the top capital gains tax rate, could have an unexpected side effect: A major uptick in employee-owned businesses.

 

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