The Republican Party's 2025 budget proposal offers tax breaks to companies like Google, Apple, and Disney.

2025-07-30 19:46:38

The Republican Party's 2025 budget proposal would grant multinational corporations like Apple, Disney, Alphabet (Google's parent company), and Boeing a number of tax breaks, including: locking in offshore income tax shelters, streamlining tax filing procedures, and restoring foreign tax credits. The Congressional Budget Office (CBO) estimates that these policies will reduce tax revenue by $920 billion over the next 10 years.

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