Biden Puts Corp. AMT On Table In GOP Infrastructure Talks

Law360 (June 3, 2021, 6:48 PM EDT) -- In discussions with Republicans, President Joe Biden has proposed a 15% corporate alternative minimum tax combined with increased IRS enforcement as a way to pay for his infrastructure plan, a White House spokesperson said Thursday. 

President Joe Biden's proposal to apply a 15% alternative minimum tax on the book income of large corporations was included in his American Jobs Plan. (AP Photo/Evan Vucci) While Biden has previously expressed support for implementing an AMT and stepping up enforcement by the Internal Revenue Service, his latest tack of deemphasizing an earlier proposal to increase the corporate income tax rate to 28% may help forge...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!