Free Republic

President Joe Biden will fight to force taxpayers to pay even more corporate taxes in next week’s 2024 proposed budget, which is likely to impact both large and small businesses. Although the business term “corporation” is widely associated with large companies like Chevron, Berkshire Hathaway, and McDonald’s, C-corporations can be both large and small businesses. According to the Small Business Administration (SBA), 31.7 million small businesses exist in the United States. Eighty-one percent, or 25.7 million, have no employees (run and operated by a single person) and 19 percent, or 6 million, have paid employees.

Businesses and associates linked to the Biden family allegedly exchanged over $2 million in wire transfers with a Shanghai investment fund controlled by the Bank of China over a five-year period, according to a Treasury Department document obtained by Republican members of the House Oversight Committee. Biden-linked operatives allegedly exchanged $2,461,962.60 in total with the Shanghai firm through 93 wire transactions between 2014 and 2019, according to a Suspicious Activity Report obtained by House Oversight Republicans, which also identified Hunter Biden as a “politically exposed person.” The revelation comes amid a House Oversight Committee investigation into the Biden family’s financial...