On 9 March 2023, U.S. President Joe Biden released the Fiscal Year 2024 Budget. As highlighted in one of several budget fact sheets, the budget: Ensures Corporations Pay Their Fair Share. The Budget includes an increase to the rate that corporations pay in taxes on their profits. Corporations received an enormous tax break in 2017, cutting effective U.S. tax rates for U.S. corporations to a low of less than 10%. While their profits soared, their investment in the economy did not. Their shareholders and top executives reaped the benefits, without the promised trickle down to workers, consumers, or communities. The...